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A BTC ICYMI: US Treasury calls for crypto transfers over 10K to be reported to the IRS

HomeCryptocurrency NewsA BTC ICYMI: US Treasury calls for crypto transfers over 10K to be reported to the IRS

A BTC ICYMI: US Treasury calls for crypto transfers over 10K to be reported to the IRS

20 May 2021

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Posting for those who may have missed it. This would bring crypto into line with cash:

  • as with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported 

Treasury add:

  • Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion

BTC Camry:

Greg had this news item on the US Treasury earlier here: Bitcoin moves back below the $40,000 level (and 200 day MA)

“But you said there’d be Lambos???”

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