Поділитися цією статтею
US Treasury Calls for Businesses to Report Crypto Transfers of More Than $10K to the IRS
The report highlighted virtual currencies and cash as potential ways to hide income from the government.
Автор Nate DiCamillo
The U.S. Department of the Treasury is calling for businesses that receive transfers of more than $10,000 in crypto to report them to the Internal Revenue Service.
STORY CONTINUES BELOW
Не пропустіть жодної історії.Підпишіться на розсилку Crypto Daybook Americas вже сьогодні. Переглянути всі розсилки
The requirement is on par with transfers of $10,000 and more in U.S. dollars. The Treasury report highlighted virtual currencies and cash as potential ways to hide income from the government.
"Despite constituting a relatively small portion of business income today, cryptocurrency transactions are likely to rise in importance in the next decade, especially in the presence of a broad-based financial account reporting regime," the department wrote.
The move comes at a time in which U.S. regulators are tracking the movement of cryptocurrencies more closely.
In November, the Financial Crimes Enforcement Network (FinCEN) proposed lowering the threshold at which banks must collect and store fund trans information, reducing it from $3,000 to $250 for any transfers – crypto or fiat – that go outside the U.S.
In December, FinCEN proposed a rule requiring crypto exchanges to collect counterparty information from transactions sent to “unhosted wallets” dubbed “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.”
UPDATE (May 20, 16:50 UTC): Adds background and context.
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Prediction Markets Are Quietly Turning Into a New Asset Class, Citizens Says
The bank said event markets are still tiny versus stocks but are rapidly expanding beyond sports into macro and policy risk.
Cosa sapere:
- Citizens said prediction markets are shifting asset class from niche to emerging.
- The bank argued that event contracts fix a key flaw in traditional finance by letting investors trade directly on inflation, elections, Fed moves and regulation.
- While regulation and liquidity are hurdles, prediction markets are likely to evolve from retail-heavy speculation into a mainstream hedging and information tool that could reach multitrillion-dollar annual scale, the report said.
Top Stories
