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flag U.S. crypto users must now share transaction data with the IRS to improve tax compliance.

flag Early in 2026, the U.S. As part of a new enforcement effort to increase compliance, cryptocurrency users must give federal tax authorities comprehensive transaction records and account information. flag Citing widespread underreporting of income from digital assets, the Internal Revenue Service (IRS) made the announcement. flag The IRS is now required to receive user data, such as wallet addresses and transaction histories, from financial institutions and significant cryptocurrency exchanges. flag The program is a component of a larger initiative to ensure accurate reporting of gains and losses from cryptocurrency investments and to close tax loopholes.

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