US law requiring all crypto transactions over $10K be reported will not be enforced 4 now

<p>Crypto media outlet <a href="https://cointelegraph.com/news/irs-crypto-tax-rules-transactions-over-10k-exempt" target="_blank" rel="nofollow">CoinTelegraph </a>with the info:</p><ul><li>United States businesses won’t yet need to report cryptocurrency transactions above $10,000 to the Internal Revenue Service (IRS) until the tax agency releases a regulatory framework.
</li><li>On Jan. 1, a law requiring all U.S. businesses to report cryptocurrency transactions over $10,000 came into effect — but the tax regulator has stepped back from enforcing the rule for the time being.</li></ul><p>Crypto folks were upset when this new rule came into place. This might cheer them up , for now. Though they tend to like complaining 😉 </p><p>–</p><p>Bitcoin update:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.