“IRS Requires KYC Compliance from DeFi in Controversial Tax Reporting Regulation”

In a recent move that has sparked controversy, the Internal Revenue Service (IRS) is now requiring Know Your Customer (KYC) compliance from Decentralized Finance (DeFi) under a new tax reporting rule. This alteration in regulations is pivotal for those intrigued by investment opportunities within the DeFi sector. However, the primary aim of this article is not to provide investment advice, but to inform and create awareness about this significant regulatory change.