Treasury and IRS finalize digital-asset broker reporting rules
U.S. Treasury and IRS finalize broker reporting rules for digital-asset transactions, defining obligations for many intermediaries serving Bitcoin users.
On June 28, 2024, Treasury and IRS finalize digital-asset broker reporting rules. U.S. Treasury and IRS finalize broker reporting rules for digital-asset transactions, defining obligations for many intermediaries serving Bitcoin users.
The final rules established information-reporting duties for specified digital-asset brokers. Bitcoin transactions were included because the rules were asset-neutral rather than Bitcoin-specific.
The event marks a change in the legal environment around Bitcoin access, custody, mining, reporting or financial products, with consequences determined by the specific jurisdiction and stage of the action.