Analyst: Strict US crypto tax laws may drive investors to decentralized platforms

Odaily News Cryptocurrency trading in the United States will be subject to third-party tax reporting requirements for the first time, reflecting the growing attention as digital asset valuations rise. Analysts say the change could prompt investors to turn to decentralized platforms. According to the final regulations released by the U.S. Internal Revenue Service (IRS), centralized cryptocurrency exchanges (CEX) and other brokers will begin reporting transactions in digital assets, including cryptocurrencies, starting in 2025 (Cointelegraph)