How dare these people exchange their money (still being taxed for every transaction) without the banks' oversight!
If they make it law that banks are supposed to report all transactions over $600 to the IRS, then it's going to encourage people to put their money in crypto wallets. In other countries, like Thailand, most people don't have bank accounts. They use crypto or just pay with cash instead. When Crypto ATM cards become a thing, I'm hopping on that. Fuck the banks. Fuck the IRS.
How dare these people exchange their money (still being taxed for every transaction) without the banks' oversight!
If they make it law that banks are supposed to report all transactions over $600 to the IRS, then it's going to encourage people to put their money in crypto wallets. In other countries, like Thailand, most people don't have bank accounts. They use crypto or just pay with cash instead. When Crypto ATM cards become a thing, I'm hopping on that. Fuck the banks. Fuck the IRS.