US Government Backtracks on Controversial Crypto Tax Reporting Rule

The United States Treasury Department and Internal Revenue Service (IRS) recently announced revisions to their crypto tax reporting rule. It originally mandated extensive reporting for crypto transactions exceeding $10,000. The Treasury now informs businesses that they do not have to follow the same reporting requirements as cash for crypto transactions. However, this will only be the... source: https://beincrypto.com/united-states-government-crypto-tax-rule-revised/