From www.accountingtoday.com: (US context) Decentralized finance (DeFi) companies received a two-year delay in reporting customer digital assets to tax authorities, with new regulations from the Treasury and IRS effective from January 1, 2027.

While centralized exchanges must begin tax reporting using Form 1099-DA in 2025, DeFi service providers may face challenges in compliance due to their business structures.

A lawsuit filed by three crypto industry groups against the IRS could further impact the enforcement and implementation of these new regulations.