JUST IN – U.S. Treasury calls for transfers of cryptocurrencies like #Bitcoin over $10,000 to be reported to IRS as means to limit illegal activity, including tax evasion.
— Disclose.tv 🚨 (@disclosetv) May 20, 2021
#Bitcoin is a ‘worthless ponzi scheme’…until it’s tax time and the IRS wants a piece.
Why do they want your money when they can just print their own? 🤔
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) May 20, 2021
The Treasury Department called for requiring all transfers of more than $10,000 worth of cryptocurrency to be reported to the IRS.
The move is likely to spur opposition from crypto investors, who have exploded in numbers in the past few months.https://t.co/olO7P250kw
— Washington Examiner (@dcexaminer) May 20, 2021