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

Odaily Planet Daily News: Cryptocurrency trading in the United States will be subject to third-party tax reporting requirements for the first time, reflecting growing concerns as digital asset valuations rise. Analysts suggest that this change may prompt investors to shift towards decentralized platforms. According to the final regulations issued by the US Internal Revenue Service (IRS), from 2025 onwards, centralized cryptocurrency exchanges (CEX) and other brokers will begin reporting on the trading of digital assets, including cryptocurrencies (Cointelegraph)