The U.S. Internal Revenue Service (IRS) has approved rules stating that DeFi services are now considered brokers. Starting in 2027, they are required to provide data on all transactions involving digital assets.
DeFi (or decentralized finance) is a system of financial services and products that operate on a blockchain and are typically based on smart contracts. These are financial services without intermediaries. It includes decentralized exchanges (DEX), asset management platforms, money markets, and other instruments.
