The Internal Revenue Service (IRS) has introduced temporary relief for Bitcoin and other cryptocurrency holders engaged with centralized finance (CeFi) platforms. This initiative, reported by COINOTAG News on January 1st, aims to support crypto holders by mitigating tax implications until 2025. The relief highlights the IRS's recognition of the growing impact of digital currencies in the financial ecosystem. Crypto enthusiasts see this as a step towards clearer regulations, providing a window of adjustment for investors dealing in the evolving CeFi landscape.
