There are a number of crypto companies that pay interest on deposits of crypto.
This industry is not as regulated as the banking industry and company policies on issuing a 1099-INT most likely vary. My recommendation is to call the company that you are considering using and ask whether they issue a form 1099-INT.
Whether you receive a form 1099-INT or not, the interest earned MUST be reported so you need to make sure you can track this or get this information on documentation provided by the brokerage firm.
Keep in mind, this interest earned is not like having the investment at a bank. With crypto you could earn interest income, that needs to be reported, and the value of your investment may have declined in value. Whereas with a bank, the interest income will just add to your investment and will not decline.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
