Reply to post: Re: agree to exchange crypto for goods & services, and we do so in a private transaction

US Treasury wants to treat cryptocurrencies like cash – as in you need to report $10k+ transactions

Ken Moorhouse Silver badge

Re: agree to exchange crypto for goods & services, and we do so in a private transaction

Which means a money launderer could buy a Tesla with bitcoin (if Tesla followed through on that whim), without alerting the authorities. I'm sure that the authorities would step in and insist that any such transactions must be notified i.e., bitcoin is treated equivalent to cash.

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