The IRS has announced a temporary relief for cryptocurrency holders using centralized finance platforms, enabling them to bypass stricter tax regulations that would come into effect in 2025. This move seeks to provide more flexibility in reporting and managing digital asset sales. Crypto enthusiasts on centralized exchanges can now breathe a bit easier, knowing that the burden of instant tax compliance is somewhat lifted, at least for now. It's important to stay informed as further developments may impact how digital assets are reported in the future.
