US Treasury wants to treat cryptocurrencies like cash – as in you need to report $10k+ transactions

from www.theregister.com - Articles on 2021-05-21 00:39 (#5J33M)

Welcome to the real world, Neo

American businesses that receive payments in cryptocurrencies worth $10,000 or more will have to report those transactions to the Internal Revenue Service, the United States' Treasury mentioned on Thursday....

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