US Treasury wants cryptocurrency transfers over $10,000 to be reported to the IRS
submitted 2 years ago by Drewski from (theverge.com)
[–]Bigs 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 2 years ago (1 child)
Well all other financial institutions report anything at $10k or over, so this just means more mainstream adoption. It's actually a positive.
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
Yep, and I'm not sure why anyone cares about this unless they're planning on not paying taxes.
[–]RightousBob 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 1 fun2 insightful - 2 fun - 2 years ago (0 children)
Hello xmr and decentralized exchanges.
[–]Gaydolf_Titler 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
So I guess if you need to transfer $1M in drug cartel money, you'll have to send $9999.99 one hundred times. Pain in the ass.
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cryptocurrency and related discussion
[–]Bigs 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
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