Digital-asset platforms will be required to issue standardised tax statements to customers from next quarter, closing a reporting gap that has persisted since the first exchanges opened.
The mechanics are largely settled for custodial venues: gross proceeds, cost basis where known, and transfer records. The dispute concerns non-custodial software developers who never take possession of assets.
Industry groups argue that the definition of broker cannot be met by parties without customer relationships, and litigation on the point is pending.
For ordinary users, the immediate effect is administrative. Statements will arrive for accounts that previously produced none, and basis discrepancies from historical transfers are expected to be common.
