The IRS has finalized new regulations for taxing cryptocurrencies

ChainCatcher News, the IRS has finalized new regulations for taxing cryptocurrencies, requiring cryptocurrency exchanges to report transactions to the IRS starting in 2026. However, decentralized platforms that do not hold assets will be exempt.

These are the main points of the new rules finalized by the IRS and the U.S. Treasury on Friday, essentially implementing a provision from the Infrastructure Investment and Jobs Act passed by the Biden administration in 2021.

Even without these new regulations, cryptocurrency holders are required to pay taxes; however, there has not been a real standardization on how to report these holdings to the government and individual investors. Starting in 2026 (covering transactions from 2025), cryptocurrency platforms must provide a standard 1099 form, similar to the forms sent by banks and traditional brokerage firms. In addition to simplifying the tax process for cryptocurrencies, the IRS has also stated that it is working to combat tax evasion.