IRS Completes Regulations for Taxing Crypto Assets

Bittime - The US IRS announced new rules for cryptocurrency taxes, starting in 2026. Crypto trading platforms are required to report transactions to the IRS, increasing transparency and tax compliance in the industry.

IRS Releases New Rules

Last weekend, the US Internal Revenue Service (IRS) passed a new law governing cryptocurrency taxes. This regulation, initiated by the US Department of the Treasury, is an implementation of the Infrastructure Investment and Jobs Act enacted by the Biden administration in 2021.

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IRS Requires Cryptocurrency Platforms to Report Transactions

According to Shenzhen TechFlow, starting in 2026, cryptocurrency trading platforms will have to report transactions to the IRS. However, decentralized platforms that do not own assets do not need to do so. This is an important step to increase transparency in digital asset ownership management.

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IRS Completes Regulations for Taxing Crypto Assets

Although there are no clear regulations on how to report taxes to the government, crypto asset holders already had to pay taxes before this regulation. Starting in 2026, cryptocurrency platforms will be required to fill out conventional 1099 forms, which are similar to those used by banks and brokerage firms. It is hoped that this step will make the taxation process easier for individual investors.

IRS Steps Against Tax Avoidance

In addition to providing clarity for cryptocurrency holders, these IRS steps aim to reduce tax evasion. It is hoped that by reporting transactions in a more structured manner, it will be easier to find and take action against tax avoidance violations committed by various parties.

Conclusion

The United States IRS issued new regulations regarding cryptocurrency taxes starting in 2026, aiming to increase transparency and make the tax process easier for investors by requiring cryptocurrency trading platforms to report their transactions to the IRS. By implementing stricter and structural rules on digital asset ownership, the IRS also hopes to reduce tax avoidance. This move was taken in response to the rapid growth in the use of cryptocurrencies and efforts to improve tax compliance in the industry.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

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