U.S. Treasury issues new Cryptocurrency tax rules

The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025.
The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later in the year.Under the new framework, crypto brokers, hosted wallet services, and digital asset outlets must file 1099 tax forms to document gains earned on their users’ digital assets. These assets will include coins, tokens, NFTs, and stablecoin transactions above a