IRS to Track Crypto Transactions on Centralized Exchanges in 2025: What You Need to Know

Starting in 2025, Americans trading digital assets on centralized exchanges (CEXs) will see their crypto transactions reported to the Internal Revenue Service (IRS). This change marks the first tax year requiring third-party reporting for crypto transactions. It aims to bolster compliance and ensure accurate taxation of digital asset activities. US Crypto CEXs to Report Transactions to... source: https://beincrypto.com/irs-to-track-crypto-transactions-on-cexs/