💡 DeFi under the radar of the tax authorities: a new challenge for the crypto world?
Starting January 1, 2027, the IRS is introducing new rules for crypto brokers, including players from the DeFi space. Now they will have to collect data on user transactions and send out 1099 forms. Yes-yes, just like in traditional finance. 📄💰
🔥 But the crypto community did not greet these innovations with open arms:
Jake Chervinsky from Variant stated outright that this pressure will force the industry to seek refuge abroad.
Alexander Grieve from Paradigm hopes that the new Congress will be able to cancel this initiative in time.
❓ What do you think about the idea of making DeFi more transparent? Or is this a step towards control rather than development? Share your opinion — a heated debate is guaranteed!