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US Treasury calls for stricter cryptocurrency rules, IRS reporting for transfers over $10K

US Treasury calls for stricter cryptocurrency rules, IRS reporting for transfers over $10K

TechCrunch Industry News · TechCrunch

May 21, 20213m 19s

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Show Notes

President Biden’s vision for an empowered, expanded IRS is poised to have a big impact on cryptocurrency trading. According to a new report from the U.S. Treasury Department, the administration wants to put new requirements in place that would make it easier for the government to see how money is moving around, including digital currencies.

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