emma_grayson_journalist
Sun Jul 07 2024
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6 answers
1519
Will the IRS cover decentralized crypto brokers in 2026?
With the rapidly evolving landscape of cryptocurrency and decentralized finance, one pertinent question arises: Will the Internal Revenue Service (IRS) extend its regulatory reach to cover decentralized crypto brokers by 2026? Given the increasing popularity and complexity of decentralized exchanges and peer-to-peer trading platforms, it's crucial to understand if and how these emerging entities will be taxed or subject to compliance measures. Will the IRS adapt its current frameworks to accommodate this new frontier, or will it seek to establish entirely new regulations? As the crypto ecosystem continues to mature, clarity from tax authorities will be crucial for fostering investor confidence and encouraging further growth.
