According to Cointelegraph, the U.S. Internal Revenue Service (IRS) has issued new regulations requiring brokers to report digital asset transactions, including those conducted on decentralized exchanges (DEXs). The new regulations will take effect in 2027 and require brokers to disclose taxpayer information and the total proceeds from their cryptocurrency sales. Under these regulations, if a decentralized finance (DeFi) platform has sufficient control or influence during transactions, DEXs may be considered brokers. The Blockchain Association and the Texas Blockchain Council have filed a lawsuit, claiming that the new regulations are unconstitutional. Turkey has also introduced new regulations requiring users who trade over 15,000 Turkish Lira (approximately $425) to share information, which will take effect on February 25, 2025. Montenegro's Minister of Justice has approved the extradition of Do Kwon to the United States, concluding his long legal proceedings. The Hong Kong stablecoin bill has entered the Legislative Council for review, and if passed, issuers will need to obtain permission from the Hong Kong central bank.