Crypto

Cryptocurrencies targeting the US Treasury

US authorities are taking new measures to regulate cryptocurrencies.

Slowly but surely, the American authorities are moving forward in their regulation of cryptocurrencies. For some, this is a sign of their willingness to kill a movement that poses a threat to the traditional means of payment they seek to control. For others, on the contrary, regulation is good news because it will legitimize the use of cryptocurrencies, making them completely legal.

Rather, it was in light of this second interpretation that the US Treasury’s proposal on Thursday required financial intermediaries and individuals to report any cryptocurrency transfer equal to or greater than $ 10,000 to the IRS.

Thus, the US tax authorities deprive this form of payment of advantages over conventional currencies. When the regulation goes into effect, using Bitcoin, Ethereum, or Litecoin will no longer allow asset transfers to be obscured. “Cryptocurrency poses

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