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A comment on Coinbase lets you convert your tokens into gift cards. Parent comment

Re:Coinbase lets you convert your tokens into gift cards by victor106 on Thursday July 26, 2018 @12:20PM (#17618634)
I don’t think banks report data to local authorities. They report anything over a fixed amount( I think $5,000 or more) to the irs and/or the fed.
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Re:Coinbase lets you convert your tokens into gift cards by pvg on Thursday July 26, 2018 @12:23PM (#17618658)
Banks report to state tax authorities. If the California Franchise Tax Board, for instance, thinks you owe them money, they'll find your bank account.
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Re:Coinbase lets you convert your tokens into gift cards by victor106 on Thursday July 26, 2018 @04:53PM (#17621001)
They don’t report automatically. They only report if they get a request for information.
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