Starting January 1, 2026, significant changes to cryptocurrency tax reporting will take effect in the United States. The IRS has implemented new Broker Reporting Rules that will require centralized cryptocurrency exchanges and digital asset brokers to begin mandatory reporting of users' cost basis—essentially the acquisition cost at which digital assets were purchased. This regulatory shift, formalized through Form 1099-DA reporting requirements, marks a pivotal moment in crypto tax compliance and transparency. Exchanges operating within U.S. jurisdictions will need to adapt their reporting infrastructure to meet these standards, fundamentally changing how individual traders and institutions document their digital asset transactions for tax purposes.