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Coinpedia 2024-12-28 09:31:31

Blockchain Association Files Lawsuit Against IRS Over New DeFi Regulations

Blockchain Association Files Lawsuit Against IRS Over New DeFi Regulations

The post Blockchain Association Files Lawsuit Against IRS Over New DeFi Regulations appeared first on Coinpedia Fintech News Recently, the U.S. Internal Revenue Service (IRS) has announced new regulations that classify certain decentralized finance (DeFi) protocols as brokers. This move requires these protocols to disclose Know Your Customer (KYC) information for digital asset transactions. The IRS estimates that up to 875 DeFi brokers could be affected by these new rules, which has quickly …

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