The IRS has announced an update to its new crypto tax regulations, pushing the effective date back to December 31, 2025. This delay provides additional time for brokers and centralized exchanges to adjust and comply with the impending changes. The decision also relieves investors from the potential increased tax liabilities that could have resulted from the new rules.
The IRS's decision aims to create a smoother transition for the crypto market by extending the preparation period, thus reducing the immediate impact on both financial intermediaries and individual crypto investors.
