US Treasury may require crypto transfers over $10K to be reported to the IRS

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SOURCE: https://www.engadget.com/us-treasury-crypto-transfers-irs-105605772.html

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The resulting jitters prompted a broad sell-off of cryptocurrencies and even caused an outage at digital currency exchange Coinbase.Adding to the volatility, Tesla recently suspended Bitcoin payments for its cars, citing the environmental impact of crypto mining.

As said here by https://www.engadget.com/about/editors/saqib-shah

US Treasury may require crypto transfers over $10K to be reported to the IRS | Engadget

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https://www.engadget.com/about/editors/saqib-shah