The U.S. Internal Revenue Service has determined new rules for taxing cryptocurrencies. Starting in 2026, crypto platforms will have to report transa

Odaily News The IRS has finalized new rules for taxing cryptocurrencies. Starting in 2026, crypto platforms will have to report transactions to the IRS, but decentralized platforms that do not hold assets themselves will be exempt. These are the main contents of the new rules finalized by the IRS and the U.S. Treasury on Friday 1, which essentially implements a provision in the Infrastructure Investment and Jobs Act passed by the Biden administration in 2021. Even without these new rules, cryptocurrency holders will need to pay taxes; however, there is no real standardization on how to report these holdings to the government and individual investors. Starting in 2026 (covering transactions in 2025), cryptocurrency platforms must provide standard 1099 forms, similar to those sent by banks and traditional brokerage firms. In addition to simplifying the tax process for cryptocurrencies, the IRS also said it is working to combat tax evasion. (techcrunch)