Treasury Calls for Crypto Transfers over $10k to Be Reported to IRS

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by privilegizer on Thursday May 20, 2021 @04:14PM (#27226573)

Privileged take. You probably get paid in or have access to the USD or EUR.

Consider majority of the world doesn't.

[ Parent | on HN ]

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by SavantIdiot on Thursday May 20, 2021 @05:00PM (#27227175)

If you have the means to access bitcoin, and can withstand the radical swings in exchange rate, you are already privileged.

[ Parent | on HN ]

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by lottin on Thursday May 20, 2021 @04:29PM (#27226780)

What privilege? Can't you be more explicit?

[ Parent | on HN ]

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by danaris on Thursday May 20, 2021 @04:45PM (#27226977)

I mean, I think they were pretty clear: the privilege of having ready access to/being paid in USD or EUR.

(I don't particularly endorse their view, but I did think their statement was clear enough.)

[ Parent | on HN ]

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by lottin on Thursday May 20, 2021 @05:00PM (#27227177)

I don't see how having access/being paid in USD or EUR is a "privilege", or the connection this supposed privilege has with crypto-currencies.

[ Parent | on HN ]

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by djrogers on Thursday May 20, 2021 @04:55PM (#27227110)

They were pretty clear - the privilege of having direct access to USD or EUR.

[ Parent | on HN ]