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Cryptocurrency tax rules revamped: what 2025 compliance changes mean for your wallet

Summary by Invezz
As tax season approaches, millions of Americans are gearing up to prepare their 2024 tax returns. However, for those involved in cryptocurrency transactions, a significant shift is on the horizon. Starting in 2025, new third-party reporting requirements will compel centralized crypto platforms like Coinbase and Gemini to report users’ transactions directly to the IRS (Internal Revenue Services). This landmark move is designed to improve tax comp…
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