The U.S. Internal Revenue Service (IRS) has released final regulations for intermediaries to report digital asset transactions. These regulations expand existing reporting requirements to include front-end platforms such as decentralized exchanges.

The rules, which will go into effect in 2027, require intermediaries to disclose gross proceeds from cryptocurrency and other digital asset sales, as well as information about taxpayers involved in the transactions.

The regulation only considers front-end trading service providers as intermediaries. It does not cover all DeFi applications, targeting front-ends as sources of information and tax disclosures.

What do you think of these new rules? We welcome your comments.