(a)(ii) thereof. Any increase determined under the preceding sentence shall be rounded to the nearest multiple of $50. . (b) Clerical amendment The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139F the following new item: Sec. 139G. Gain from sale or exchange of virtual currency. . (c) Reporting of gains or losses The Secretary of the Treasury shall issue regulations providing for information returns on transactions in virtual currency (as defined under section 408(m) of the Internal Revenue Code of 1986) for which gain or loss is recognized. (d) Effective date The amendments made by this section shall apply with respect to transactions entered into on or after January 1, 2017.