US proposes Cryptocurrency regulations
Driven by The Treasury Department, and intended to insure all relevant taxes are paid. About a two minute read, video linked below.
Comment: the proposed $10K transaction limit for reporting links to existing money laundering rules. So this seems an opening salvo, likely to get tighter over time. Curious, if they’re really interested in insuring tax compliance privacy coins are the natural target, doubly so considering Bitcoin’s blockchain is public. These aren’t the tightest regulations in the G7 (some require annual and full disclosure of holdings), but likely will evolve over time. A sign of this asset class is maturing.
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