CRYPTOCURRENCY POSES A RISK OF TAX EVASION, THERE IS A NEED OF STRICTER COMPLIANCE: US TREASURY

Highlights

• The Treasury said in a release that it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service

• The Treasury Department said “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion.”

The cryptocurrency market is one of the most talked about topic these days. The recent fal....