The U.S. Internal Revenue Service proposes that crypto brokers provide electronic information statements after obtaining customer consent.

Techub News, according to Bloomberg, the U.S. Internal Revenue Service (IRS) has proposed a new regulation that would allow cryptocurrency brokers to obtain customer consent to provide electronic information statements reported to tax authorities. The Treasury Department and the IRS acknowledged: "Given that some customers conduct a large number of digital asset transactions each year, the cost of printing and mailing paper 1099-DA statements may impose an unnecessary burden on brokers."