IRS will require KYC for DeFi projects by 2027

The document, scheduled to be published on December 30, states that DeFi services must identify their users, report their assets and NFTs to the U.S. Internal Revenue Service (IRS), and deny service to users who do not comply

Jake Chervinsky, Chief Legal Officer at Variant Fund, took to social media to criticize the rules, calling them "unlawful" and "the dying breath of the anti-crypto army that is losing power"

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