U.S. Taxpayers' Cryptocurrency Reporting Stalls Between 32% and 56%—Study

2026/08/10 12:36 (Updated 2026/08/10 15:01)

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Written by Enzo

U.S. Taxpayers' Cryptocurrency Reporting Stalls Between 32% and 56%—Study

U.S. Taxpayers, Cryptocurrency Reporting Capped at 56%

A study published in the 'Review of Accounting Studies' indicates that only 32% to 56% of U.S. taxpayers holding cryptocurrencies report their transactions to the federal government. This was reported by CNBC on the 5th, based on the study and insights from tax experts. The backdrop includes the Internal Revenue Service (IRS) mandating intermediaries to submit the 'Form 1099-DA' starting with the 2025 tax year...

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30

Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30