According to a report by Jinse Finance, Delphi Labs researcher lex_node recently mentioned on social media platform X (formerly Twitter) that newly proposed financial regulations for crypto asset brokers explicitly classify various participants in DeFi, including website operators communicating with wallets, as brokers. Many DeFi network applications with US users will now be required to track user gains and losses and provide them with annual tax reports. This could have a devastating impact...

According to a report by Jinse Finance, Delphi Labs researcher lex_node recently mentioned on social media platform X (formerly Twitter) that newly proposed financial regulations for crypto asset brokers explicitly classify various participants in DeFi, including website operators communicating with wallets, as brokers. Many DeFi network applications with US users will now be required to track user gains and losses and provide them with annual tax reports. This could have a devastating impact...