qualifying stablecoins

  • Form 1099-DA Reporting: Broker Scope, Box Rules and the IRIS Route

    Form 1099-DA reporting rests on a two-step start date set by Treasury Decision 10000, published on 9 July 2024: US digital asset brokers report gross proceeds for sales effected on or after 1 January 2025, and adjusted basis for covered digital assets sold on or after 1 January 2026. Sales effected in 2026 are therefore…

  • PRA Dear CEO Letter: Separate, Insolvency-Remote Stablecoin Issuance

    On 18 May 2026 the Prudential Regulation Authority sent a Dear CEO letter to the chief executives of UK banks and designated investment firms, reaffirming where the line sits between a deposit and everything that only looks like one. The PRA Dear CEO letter on innovations in the use of deposits, e-money and stablecoins, signed…