TallestSkil wrote on October 3, 2021 at 4:42 PM

Okay, and? What’s anyone going to do about it?

Rambler OP wrote on October 3, 2021 at 4:50 PM (edited on October 3, 2021 at 4:54 PM)

Unsure. I own a small business that does a lot of crypto payments but there isn't much I can do for our fiat holdings. Our biggest operational costs I pay in crypto each month but still have to keep money in the bank and transfer funds from PayPal and Stripe on a regular basis.

I still claim and account for all crypto stuff to keep Uncle Sam happy and to keep things legal, but the $600 bank thing is so comically dumb that you'd think they forgot a couple of zeroes.

mr4channer wrote on October 6, 2021 at 6:34 PM

use monero

div1337 wrote on October 9, 2021 at 7:18 AM

Why monero? e.g.: instead of bitcoin

mr4channer wrote on October 9, 2021 at 8:09 PM

because monero is private, none needs to see who you and receive money from. monero also has lower fees.

IRS would track all bank transactions over $600 under Biden plan; Businesses revolt

Comments

TallestSkil wrote on October 3, 2021 at 4:42 PM

Rambler OP wrote on October 3, 2021 at 4:50 PM (edited on October 3, 2021 at 4:54 PM)

mr4channer wrote on October 6, 2021 at 6:34 PM

div1337 wrote on October 9, 2021 at 7:18 AM

mr4channer wrote on October 9, 2021 at 8:09 PM