PANews January 1 report, according to Bitcoin.com, the Internal Revenue Service (IRS) has issued a temporary relief measure that will allow cryptocurrency holders on centralized exchanges to bypass strict tax regulations in 2025, thus retaining the flexibility to report and track digital asset sales. The IRS's temporary relief allows taxpayers to continue using their own records or tax software to identify the specific units sold. Chandrasekera stated, "This means that if you sell assets within a CeFi broker, you can still use your books and records/tax software to document the specific units you are selling." The relief period only applies to CeFi transactions from January 1, 2025, to December 31, 2025. After this date, taxpayers will need to formally choose an accounting method with their broker.