Controversial tax law requires reporting of crypto transactions over $10,000

The United States has ushered in the new year by implementing a contentious tax law, demanding that its citizens report cryptocurrency transactions exceeding $10,000.  This law, included in the Infrastructure Investment and Jobs Act, took effect on January 1, 2024, providing the Internal Revenue Service (IRS) with a substantial influx of data on crypto users. […] source: https://www.cryptopolitan.com/reporting-of-crypto-transactions-over-10000/