Digital Assets: From Crypto to Compliance
Digital assets based on blockchain technology have evolved at a remarkable rate, often outpacing regulations. But the rules are finally starting to catch up.
Here’s what you need to stay ahead.
At KPMG, we are dedicated to staying ahead of technological innovations, regulatory changes, and your business challenges. That includes the rapidly evolving frontier of blockchain-based digital assets and the rules that govern them—now and in the near future.
To help you understand coming changes, maintain compliance, and take advantage of the opportunities in this dynamic field, we have created this page as a repository of insights on digital asset regulations.
Digital Assets: An Evolving Frontier
Read our foundational article on staying ahead of compliance complexity in crypto.
Final Treasury Regulations Expand Tax Reporting on DeFi Digital Asset Transactions with Notice 2025-3 for Transitional Relief and Guidance
January 15, 2025 | By: Lani Chou, Cyrus Daftary, Philip Garlett, Nelson Suit and Josh Tompkins
On December 27, 2024, the U.S. Treasury Department and the Internal Revenue Service (IRS) released final regulations for digital asset tax information reporting, specifically targeting certain participants in the decentralized finance (DeFi) industry. These regulations, set to be published in the Federal Register on December 30, 2024, implement the statutory amendments to broker reporting rules that were part of the Infrastructure Investment and Jobs Act of 2021.
Dive into the full article to explore the implications and details of these new regulations. Read more
Dive into our thinking:
Crypto-Asset Reporting Framework and Amended Common Reporting Standard Updates
Closed Loop Transactions vs Limited Access Regulated Networks
Draft Instructions for Form 1099-DA, Digital Asset Proceeds from Broker Transactions
Treatment of Nonfungible Tokens under Final Regs
Stablecoins Under the Final Regulations
Information Reporting for U.S. Digital Asset Brokers
Cost Basis Reporting for U.S. Digital Asset Brokers
Documentation Rules Under the Final Regulations
Backup Withholding for U.S. Digital Asset Brokers
Planning Implementation of Broker Digital Asset Reporting Regulations
Final Treasury Regulations: Expand Tax Information Reporting
Information Reporting & Withholding Tax Services
Services to help comply with U.S. and foreign withholding and information reporting regimes
Explore more
Insight
Digital Assets: An Evolving Frontier
Stay ahead of compliance complexity in crypto
Insight
October 23, 2024 | Where to Start with Your Form 1099 Product Analysis for Digital Assets
This TaxWatch webcast outlines essential aspects of digital asset product analysis including objectives, components, and outcomes of a product analysis, as well as mapping the essential annual reporting data elements back to the analysis.
Insight
July 30, 2024 | Navigating the Latest Digital Asset Tax Reporting Regulations and Guidance
This TaxWatch webcast will outline recent U.S. Treasury and Internal Revenue Service (IRS) released regulations on digital asset tax information requirements, their potential impacts on traditional custodial brokers, and upcoming guidance.
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