The Fact that they haven't adjusted the $10k number for inflation ever since that nonsense arbitrary number entered into "Law" in the 1960's... proves the Evil Against Freedom and the Corruption that exist behind both it... and Them. Your only remaining option for your own Freedom and that of those you care about, is to adopt crypto and then Defund such Govts, which is all of them, worldwide. Liz Warren is an Anti-Freedom Cunt that needs ejected from office. https://beincrypto.com/us-senators-report-crypto-transactions-over-10000/ US Senators Want You to Report Crypto Transactions of Over $10,000 by kirtash93 [–]tiger1647 126 points127 points128 points 11 hours ago (41 children) I want them to report to me everytime they spend $10,000. permalink embed save report give award reply [–]carsonthecarsinogen 13 points14 points15 points 10 hours ago (3 children) your iPhone has rapidly disassembled due to overloading permalink embed save parent report give award reply [–]Pristine_Spinach8718Stargazing 2 points3 points4 points 1 hour ago* (1 child) They probably spend $10k on their average lunch, what are the odds you think they will report that as well? permalink embed save parent report give award reply [–]FreyaOysteaTin | CC critic 1 point2 points3 points 57 minutes ago (0 children) Below 0% my friend permalink embed save parent report give award reply [–]Unavailablewith 0 points1 point2 points 4 hours ago (0 children) More like your iPhone won't report anytuing. These guys will find a way to cheat the system. permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 7 points8 points9 points 10 hours ago (2 children) That's a wish that would turn into a curse real fast. permalink embed save parent report give award reply [–]tiger1647 0 points1 point2 points 10 hours ago (0 children) The monkeys claw curled. permalink embed save parent report give award reply [–]simplicity92Bronze 0 points1 point2 points 1 hour ago (0 children) You are gonna be a target permalink embed save parent report give award reply [–]meeleen223Moons = Magic Internet Money Vol. 2 7 points8 points9 points 10 hours ago (13 children) Senators: "This is outrageous, and a few 0s and we can talk" permalink embed save parent report give award reply [–]CymandeTV 3 points4 points5 points 10 hours ago (10 children) Well, I don't have 10k to invest in crypto so... permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 3 points4 points5 points 9 hours ago (6 children) Rather, it is more probable we report 10k in losses permalink embed save parent report give award reply [–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 2 points3 points4 points 9 hours ago* (4 children) You lost your moons in a boating accident, I see! permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3 points4 points 9 hours ago (3 children) Moons? What moons?! permalink embed save parent report give award reply [–]the2ndRuss 0 points1 point2 points 5 hours ago (0 children) 🧐 permalink embed save parent report give award reply [–]emp-sup-bryBronze | QC: CC 22 | LRC 6 -1 points0 points1 point 7 hours ago (0 children) 3rd party app for reporting zero vault moons. sigh permalink embed save parent report give award reply [–]AutoModerator[M] 0 points1 point2 points 9 hours ago (0 children) It looks like you are asking about Moons. The answer to your question may be found here in the official Moons FAQ: https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. permalink embed save parent report give award reply [–]tiger1647 0 points1 point2 points 8 hours ago (0 children) You guys are going to make this post a reportable transaction! permalink embed save parent report give award reply [–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9 hours ago (1 child) Sir we only lose money here permalink embed save parent report give award reply [–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 0 points1 point2 points 9 hours ago (0 children) If you don’t own moons permalink embed save parent report give award reply [–]myslowtvTin 0 points1 point2 points 9 hours ago (0 children) I am with you. I want to report that I've sold over $10k of crypto!! permalink embed save parent report give award reply [–]Ignitus1Platinum | QC: BTC 19, ETH 18 | GMEJungle 14 | Superstonk 440 0 points1 point2 points 9 hours ago (0 children) A senator is nowhere near that expensive. permalink embed save parent report give award reply [–]simplicity92Bronze 0 points1 point2 points 1 hour ago (0 children) Looks like you gonna need to report when you sold off 25% of your moons permalink embed save parent report give award reply [–]Technical-Cloud-3651Tin | 4 months old 1 point2 points3 points 10 hours ago (1 child) I want them to only be able to spend crypto so it can be tracked permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1 point2 points 9 hours ago (0 children) The ultimate dream permalink embed save parent report give award reply [–]SlowpokesEmporium1 - 2 years account age. 100 - 200 comment karma. 0 points1 point2 points 10 hours ago (1 child) The ultimate uno reverso permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 9 hours ago (0 children) Having a public blockchain tracking politicians' expenses and donations would be just great permalink embed save parent report give award reply [–]infested33Analyst 0 points1 point2 points 10 hours ago (0 children) You are going to get thousands of reports about hookers and blow. permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours ago (0 children) Is that someone at your door? permalink embed save parent report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (0 children) and then explain how they are able to spend more than they make on recurring basis permalink embed save parent report give award reply [–]Electrical-Lead5993Platinum | QC: CC 140 0 points1 point2 points 9 hours ago (0 children) Haha! Politicians be transparent with us. Oh no, they don’t like that! They don’t like the rules applying to them permalink embed save parent report give award reply [–]Green_L3afTin 0 points1 point2 points 9 hours ago (1 child) Honestly that's how it should work. If they make a law, they follow it too. Common sense shit here people. permalink embed save parent report give award reply [–]CCNightcoreBronze | Science 11 0 points1 point2 points 2 hours ago (0 children) Anti money laundering statutes are a good thing generally. People are naive if they think a public ledger won't have the same requirements eventually. permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) No one needs that level of spam permalink embed save parent report give award reply [–]Odysseus_Lannister 0 points1 point2 points 8 hours ago (0 children) phone explodes permalink embed save parent report give award reply [–]joe17301Silver | QC: CC 71 | LRC 59 0 points1 point2 points 6 hours ago (0 children) They don't get out of best for transactions under $1mil. permalink embed save parent report give award reply [–]Ek_Ko1 0 points1 point2 points 5 hours ago (1 child) hi this is the IRS permalink embed save parent report give award reply [–]tiger1647 0 points1 point2 points 5 hours ago (0 children) Hi IRS. Are you here inquiring about my boating accident? permalink embed save parent report give award reply [–]ControlPotentialLikes Crypto 0 points1 point2 points 10 hours ago (0 children) Probably a lot of hospital bills for these dinosaurs permalink embed save parent report give award reply [–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 9 hours ago (0 children) You'd wake up to thousands of reports every morning... You'd have reports flooding out of your house, filling your garage.. You'd be driven insane, getting reports every second of every day of every week... permalink embed save parent report give award reply [–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9 hours ago (0 children) Gonna fill up ur inbox real quick😂 permalink embed save parent report give award reply [–]Scarecrow4980 0 points1 point2 points 5 hours ago (0 children) I want them to report any time they are bribed more than $10,000. permalink embed save parent report give award reply [–]Boddis 0 points1 point2 points 1 hour ago (0 children) They work for you after all... supposedly permalink embed save parent report give award reply [–]BrocoliAssassin 37 points38 points39 points 11 hours ago (21 children) I think this is a much bigger issue rather than the 10k reporting: "The bill will also designate a host of crypto industry players—including wallet providers and validators—as financial institutions. " permalink embed save report give award reply [–]Ur_mothers_keeper 22 points23 points24 points 10 hours ago (6 children) Lol good fucking luck. "Wallet providers"? Do they know what a wallet is? It's literally a private key randomly generated on your machine by open source software. Unless someone's providing a custodial service — that is, exchanges — theres no "provider" there. Validators... Bitcoin miners are about to start reporting every transaction over $10k USD in value to the IRS? Even for non US persons? They don't even know who the owners of the money are! There is literally 0 chance that this can even be enforced. Some people like exchanges will have to comply, everyone else can't or won't. permalink embed save parent report give award reply [–]BrocoliAssassin 1 point2 points3 points 10 hours ago (0 children) This is what I would worry about. It's the perfect thing for another "war". It becomes an endless pit of wasted taxpayer money. We have to crack down on everything that allows non-kyc wallets to be in use. Doesn't matter if it works, just as long as it deflects blame and politicians don't have to worry about having to come up with solutions to their wreckless spending and waste, then it's a success! permalink embed save parent report give award reply [–]MisterD00d 0 points1 point2 points 7 hours ago (0 children) One bother is that technically MetaMask is centralized. Thats not true of all wallets, however, and I completely disagree with their notion. Its unenforceable, correct. permalink embed save parent report give award reply [–]im_THIS_guyPlatinum | QC: ETH 35 | CelsiusNet. 18 | PoliticalHumor 30 0 points1 point2 points 6 hours ago (0 children) Remember when they tried to police music piracy? It's like that, but much much harder. permalink embed save parent report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 0 points1 point2 points 4 hours ago (0 children) They don't know what a wallet is; but they don't need to. They don't care. They'll make stuff fit their limited worldview. They can determine wallet providers and what they are, and force institutions to create those things, and declare anyone not using those wallets to be in breach of the law. US government is run by imbeciles. permalink embed save parent report give award reply [–]OrdainedPumaPlatinum | ADA 17 | Politics 11 0 points1 point2 points 38 minutes ago (1 child) Don't be so flippant. This is the first step to having "white listed" and "black listed" coins. If you don't have a KYC chain of custody (complete with kyc'd wallets), your coins are rendered defunct by any/every exchange and business. Enjoy being solely peer-to-peer. "Well we can't prove chain of custody from the start of BTC/chain of choice." That'll be fine, you have 8 weeks to doxx your coins to an approved CEX (while also indicating where your coins came from) which has your personal info. After that, anything which has an incomplete chain is unredeemable. And that's how you have captured freedom money in three moves. permalink embed save parent report give award reply [–]OrdainedPumaPlatinum | ADA 17 | Politics 11 0 points1 point2 points 35 minutes ago (0 children) And, to further expound, how long do you think self hosted wallets last in this environment if you have to white list coins through an exchange? Any coins touching or coming from an unhosted wallet are "criminal money." You guys do realize the US government are the baddies here, right? With all the power to lose? And do humans give up power easily/freely when they live on top of the fucking money printer? permalink embed save parent report give award reply [–]Least-March7906Bronze | Buttcoin 22 8 points9 points10 points 11 hours ago (8 children) This is definitely the issue. If they are designated as financial institutions then they will come under significant government regulations and will have a shit ton on reporting responsibilities permalink embed save parent report give award reply [–]BrocoliAssassin 9 points10 points11 points 10 hours ago (6 children) Yeap and why I hate politics so much. If Warren didn’t outright say this I’d bet most people would think it would be a conspiracy theory that they would go as far to have every single wallet monitored. You can see she has no idea how tech works. A bunch of thieves run this country so I only expect for all this to get worse over time. All to feed the war machine and rich. permalink embed save parent report give award reply [–]wee_dLow Crypto Activity | 6 months old 8 points9 points10 points 10 hours ago (3 children) Elizabeth Warren is a batshit crazy person that needs to be stopped. permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 4 points5 points6 points 10 hours ago (1 child) She still has 15 more years if she retires at 90, which is typical for “notable” US senate members 🤦♂️ permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3 points4 points 9 hours ago (0 children) We needed another asteroid to take these dinosaurs away permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) I don’t think she’s batshit crazy, but I do think she doesn’t understand crypto land therefore shouldn’t be trying to legislate it. permalink embed save parent report give award reply [–]Honeynel 2 points3 points4 points 10 hours ago (1 child) bunch of thieves run this country They get paid to implement freedom restricting policies that make corporations more money. Been that way since the 70s. permalink embed save parent report give award reply [–]NostraSkolMusTin | LRC 9 | Superstonk 383 1 point2 points3 points 10 hours ago (0 children) Since the fed was founded permalink embed save parent report give award reply [–]The-Francois8Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 2 points3 points4 points 10 hours ago (0 children) Wallet providers aren’t supposed to know who’s using the wallets. That’s a problem. permalink embed save parent report give award reply [–]Slippytoe[🍰] 2 points3 points4 points 10 hours ago (1 child) They can report $10k wallet transactions until the cows come home. Good luck finding out who the completely and hopelessly anonymous wallets belong to though. permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) And anyways, we’ll just see a lot more $9,999 transactions. permalink embed save parent report give award reply [–]Admirable-Hyena5040Platinum | QC: CC 60, BTC 22 | Politics 44 0 points1 point2 points 10 hours ago (0 children) Ah, Elizabeth Warren's sneaky central bank insertion. permalink embed save parent report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (0 children) seems like the goal is to strip crypto of anything good and put it in line with regular assets, which makes no point unless the goal is to slow down the growth of crypto space permalink embed save parent report give award reply [–]CptBombastic 8 points9 points10 points 8 hours ago (0 children) I don't even have that much to invest in crypto. permalink embed save report give award reply [–]Sugar_PhutTin 17 points18 points19 points 10 hours ago (7 children) How about we get some term limits instead. Fuck them dinosaurs permalink embed save report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours ago (2 children) That's exactly what that metroid said 65 Million years ago! And it would take about the same force to get these old fucks to give up some of their power. permalink embed save parent report give award reply [–]genjitenjiSilver | QC: CC 320 | NANO 91 1 point2 points3 points 10 hours ago (1 child) permalink embed save parent report give award reply [–]RedOctobrrrPlatinum | QC: CC 29 | Superstonk 148 1 point2 points3 points 9 hours ago (0 children) Yo this is God tier, Metroid fuckin up a dinosaur (with wings) If Reddit still distributed free awards to give, I'd have given you mine. permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 0 points1 point2 points 10 hours ago (0 children) Liz Warren is 74 and won’t retire until she’s fucking 90 probably. permalink embed save parent report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (1 child) reminds me of the late soviet era, when people in power were mainly over 70, not allowing new people to get in, "working" on the future they will never see permalink embed save parent report give award reply [–]Pr0MeisterTin 0 points1 point2 points 9 hours ago (0 children) The Eastern European special permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) Agree wholeheartedly. There comes a time when your time is done. At a certain age you’re just governing for the past and whatever you grew up thinking was right, which is probably outdated and antiquated. Progress moves forward. The people making the laws should be the ones that will have to live through the consequences. permalink embed save parent report give award reply [–]GrunblauPlatinum | QC: CC 410, BTC 71 | r/WSB 214 4 points5 points6 points 7 hours ago (0 children) Shit. I’ve been reporting all my transactions… permalink embed save report give award reply [–]TheMissingNTLDR 3 points4 points5 points 11 hours ago (4 children) 9999.99 enters the chat... permalink embed save report give award reply [–]wee_dLow Crypto Activity | 6 months old 1 point2 points3 points 10 hours ago (2 children) Batches of $9,999.99 permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3 points4 points 9 hours ago (1 child) Politicians: “Ah damn it! Who knew they’d do that when we spent 2 years arguing and drafting up the law?” permalink embed save parent report give award reply [–]trufin2038Platinum | QC: BTC 30 1 point2 points3 points 2 hours ago (0 children) It's funny but the same is true of fiat banking. Multiple small transaction is flagged as "structuring" and gets reported anyway. They actually don't care about 10k, the bottom line is they defacto report all transactions that move more than a trivial amount of money. permalink embed save parent report give award reply [–]ToyakeTin | Futurology 36 0 points1 point2 points 2 hours ago (0 children) This would be known as structuring and is a felony. TMYK permalink embed save parent report give award reply [–]Florian995Tin 3 points4 points5 points 11 hours ago (5 children) Laughs in Monero permalink embed save report give award reply [–]mesutdmnPlatinum | QC: CC 109 0 points1 point2 points 11 hours ago (1 child) Laughs in ?????? permalink embed save parent report give award reply [–]JuiceColdmanTin | CC critic | Politics 25 0 points1 point2 points 11 hours ago (0 children) Laughs in boating accident permalink embed save parent report give award reply [–]Kindly-Wolf6919 0 points1 point2 points 11 hours ago (0 children) Laughs in third world country permalink embed save parent report give award reply [–]KaydeeKaine 0 points1 point2 points 11 hours ago (0 children) XMR is getting harder to buy, depending on where you live. permalink embed save parent report give award reply [–]hamberdler 0 points1 point2 points 6 hours ago (0 children) Laughs in profit permalink embed save parent report give award reply [–]coinfeeds-botApproved CC Bot 3 points4 points5 points 11 hours ago (2 children) tldr; US Senators, led by Elizabeth Warren, are pushing for stricter regulations on cryptocurrencies in the US. They have reintroduced the Digital Asset Anti-Money Laundering Act, which includes making crypto transactions over $10,000 legally reportable. The proposed law would require industry players to file a Report of Foreign Bank and Financial Accounts (FBAR) with the IRS for transactions exceeding $10,000 in digital assets through offshore accounts. The bill also designates wallet providers and validators as financial institutions and imposes new reporting requirements for transactions over $10,000. The law would also expand responsibilities for owners and administrators of crypto ATMs and strengthen compliance processes. Warren claims that crypto has become a preferred payment method for criminals and the bill aims to crack down on crypto crime. However, data from Chainalysis shows that crypto-related crime is down 63% since the start of 2023. This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 3 hours ago (0 children) “Led by Liz Warren” of course that asshole is involved permalink embed save parent report give award reply [–]dabornstein 0 points1 point2 points 7 hours ago (0 children) Thank you bot, you is kind, you is appreciated permalink embed save parent report give award reply [–]Talic15Bronze 1 point2 points3 points 10 hours ago (2 children) Elizabeth Warren Can she seriously just fuck off and lose in the next primary? Massachusetts, can you please do us a solid? permalink embed save report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 1 point2 points3 points 4 hours ago (0 children) Who's to say the person coming to replace her will be any better... permalink embed save parent report give award reply [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 -1 points0 points1 point 8 hours ago (0 children) Liz is a lizard and should be sent back to Jurasic permalink embed save parent report give award reply [–]bkcrypt0 2 points3 points4 points 11 hours ago (1 child) It's the same with USD. They're trying to stop money laundering. permalink embed save report give award reply [–]CONSOLE_LOAD_LETTERPlatinum | QC: CC 562 0 points1 point2 points 2 hours ago (0 children) Yeah it's not specific to crypto really, it sometimes comes up with any large or unknown financial transaction, of which now crypto is being recognized as being mainstream enough to be considered as a legitimate to transact finances. Many countries are actually already very strict with this kind of reporting in fiat, and while it can be a pain in the ass I'm not actually against complying with it because it can actually help prevent things like wealthy tax cheats, human trafficking, or money going to sanctioned government weapons programs like North Korea. permalink embed save parent report give award reply [–]samer109 1 point2 points3 points 11 hours ago (0 children) I prefer how it is in Europe, you only have to report when you sell for EUR.. permalink embed save report give award reply [–]Pixelated_CurvesBronze | QC: CC 21 2 points3 points4 points 11 hours ago (13 children) Gonna be a lot of $9,999 transactions permalink embed save report give award reply [–]Snjordo 3 points4 points5 points 11 hours ago (3 children) I'll do $9998 not to look suspicious permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3 points4 points 9 hours ago (0 children) I’ll go with $1, Bob. permalink embed save parent report give award reply [–]KaydeeKaine 1 point2 points3 points 11 hours ago (0 children) U smarty permalink embed save parent report give award reply [–]Z3LS3Bitcoin 0 points1 point2 points 6 hours ago (0 children) Fogel, this ID says you’re 25 years old. Why wouldn’t you just put 21, man? Seth, Seth, Sethhh, listen up assface. Every day hundreds of kids go into the liquor store with their fake IDs, and every one says they’re 21. how many 21 year olds do you think there are in this town? It’s called fucking strategy alright? permalink embed save parent report give award reply [–]UnsightlyCornerstone[🍰] 3 points4 points5 points 11 hours ago (3 children) Or you can be poor like me and not have to worry about stuff like that. Senators hate this one simple trick! permalink embed save parent report give award reply [–]meeleen223Moons = Magic Internet Money Vol. 2 1 point2 points3 points 11 hours ago (2 children) Senators hate $9.99k transactions, shrimp gains and boating accidents simple tricks! permalink embed save parent report give award reply [–]Da_Notorious_HAMTin | CC critic 3 points4 points5 points 11 hours ago (0 children) Meanwhile, a lot of senators making $9.99k transactions and having a ton of boating accidents. permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 2 points3 points4 points 11 hours ago (0 children) They hate us cuz they anus permalink embed save parent report give award reply [–]WineMakerBg 0 points1 point2 points 11 hours ago (0 children) Would be Happy to report. Will actually mean I'm doing quite OK with 5% of my assets in Crypto. 😀 permalink embed save parent report give award reply [–]prosenl1Platinum | QC: CC 148 0 points1 point2 points 11 hours ago (0 children) Except maybe when it's finalized it was a 10.003 transaction. permalink embed save parent report give award reply [–]WonzkyPlatinum | QC: CC 986 0 points1 point2 points 11 hours ago (0 children) Except that's actually illegal lol, see "structuring" permalink embed save parent report give award reply [–]AltruisticPops -1 points0 points1 point 11 hours ago (0 children) Ez fix. Try again suit man. permalink embed save parent report give award reply [–]EpicHasAIDS 0 points1 point2 points 9 hours ago (0 children) Lol. The same rules exist for cash. Guess what? They figured the 9,999 trick out. permalink embed save parent report give award reply [–]ToshiSat 3 points4 points5 points 11 hours ago (15 children) That’s not really surprising A whole lot of countries has done the same, some require you to report every transactions It’s not the kind of regulations we should be worried about imo permalink embed save report give award reply [–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (12 children) Yes, I can agree that this type of regulation is more levelheaded and reasonable to ask of people. Where I live, like you, every transaction must be reported. It’s a major pain to keep track of. Especially with defi. permalink embed save parent report give award reply [–]ToshiSat 1 point2 points3 points 11 hours ago (11 children) It’s costing me a lot of money just to make my taxes because of that .. but it won’t discourage me from using crypto as often as I can permalink embed save parent report give award reply [–]GeolinearI wished for this 0 points1 point2 points 11 hours ago (10 children) I hear ya - I dread tax time every year because I have to pay $300 for combing 10k+ plus transactions just to find out I’m at a loss for $1000 or so close to zero it’s negligible. permalink embed save parent report give award reply [–]ToshiSat 2 points3 points4 points 11 hours ago (9 children) I seriously consider moving to a crypto-friendly country once I have enough to retire. Imagine having no tax on crypto like in Dubai or the Cayman Islands permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (7 children) When we hit it big u/ToshiSat, we can run away together to the Caymans. permalink embed save parent report give award reply [–]0-ATCG-1Platinum|QC:ETH24,BTC21,CC18|MANA5|ModeratePolitics35 1 point2 points3 points 10 hours ago (0 children) Love is in the air! Now kith. permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours ago (4 children) Take me with you guys. I'm really good with my hands! permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 10 hours ago (3 children) Hmm we do need someone with hands, certainly. permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours ago (2 children) Yay! I am going to the Gaymans permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 10 hours ago (1 child) Don’t forget your swimsuit, tiger ! permalink embed save parent report give award reply continue this thread [–]Pr0MeisterTin 1 point2 points3 points 9 hours ago (0 children) Cool! A destination wedding! permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 0 points1 point2 points 10 hours ago (0 children) We should all move to a nice country and just be super friendly bros to each other. Maybe no women allowed. Just us, fishing, playing war thunder and sitting out on the porch. permalink embed save parent report give award reply [–]Pr0MeisterTin 0 points1 point2 points 9 hours ago (1 child) Might be wrong here, but at least in the EU don't you have to state the reason/source for every transaction over 10k? Or maybe it was if you are making an international transaction over that amount permalink embed save parent report give award reply [–]ToshiSat 0 points1 point2 points 8 hours ago (0 children) That’s true, even in Canada there’s some red flags associated with these types of transactions if they’re not easily identifiable (buying a car, house, that kind of things) permalink embed save parent report give award reply [–]MonsieurGumpPlatinum | QC: ETH 22, CC 15 | UKPers.Fin. 31 1 point2 points3 points 11 hours ago (3 children) US senators can fuck off. permalink embed save report give award reply [–]conceiv3d-in-lib3rty 0 points1 point2 points 10 hours ago (2 children) Liz Warren can fuck right off. She’s always the ringleader of this anti-crypto dumb shit. permalink embed save parent report give award reply [–]EpicHasAIDS -5 points-4 points-3 points 9 hours ago (1 child) People just can't accept crypto is antithetical to the left. Neither party is perfect but dems are the party of big government and prefer federal power over all. permalink embed save parent report give award reply [–]beerbaron105Platinum | QC: CC 185 | r/CMS 8 | r/WSB 29 1 point2 points3 points 11 hours ago (3 children) God damn I loathe the government permalink embed save report give award reply [–]CrackorjackzorsEthereum flips Bitcoin eventually 3 points4 points5 points 11 hours ago (0 children) Yeah, maybe they should report and reveal their donors that contribute over $10,000 to them. Maybe they should let us know what the lobbyists paid them. How about they disclose gifts they received. permalink embed save parent report give award reply [–]Slippytoe[🍰] 0 points1 point2 points 10 hours ago (0 children) Just report it like they asked, straight into the toilet. They didn’t specify where permalink embed save parent report give award reply [–]j4c0p 0 points1 point2 points 9 hours ago (0 children) People still think its left or right, democrats or republicans meanwhile its people vs politicians. permalink embed save parent report give award reply [–]Damgalnuna000Platinum | QC: CC 311 1 point2 points3 points 11 hours ago (0 children) Is this while they trade stocks with insider information and take speaking fees from financial behemoths permalink embed save report give award reply [–]pizza-chitfiat miner and burner -1 points0 points1 point 11 hours ago (5 children) Do they want me to fill out a form every time I park my car in a different parking lot? permalink embed save report give award reply [–]BrocoliAssassin 0 points1 point2 points 11 hours ago (0 children) I can see it already. In order to fight climate change we have come up with a new tax...uhmm I mean law! Every parking space will be required to record ever car that parks there so that the owner can be billed. This will help combat climate change since this should cut down on car usage and promote car pooling! permalink embed save parent report give award reply [–]One_Landscape541Silver | QC: CC 821 | Buttcoin 56 -1 points0 points1 point 11 hours ago (0 children) Do you park on the moon? permalink embed save parent report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0 points1 point 11 hours ago (0 children) Yes, they do. Sometime later permalink embed save parent report give award reply [–]Slippytoe[🍰] 0 points1 point2 points 10 hours ago (1 child) And we want to know about every time you think of our precious dollars too! permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago (0 children) Happy cake day toe! permalink embed save parent report give award reply [–]OfulinacPlatinum | QC: CC 32 0 points1 point2 points 11 hours ago (3 children) Tldr - They want more money. permalink embed save report give award reply [–]AltruisticPops -1 points0 points1 point 11 hours ago (0 children) I'd gladly report but I just had a boating accident permalink embed save parent report give award reply [–]nacockerspanielTin -1 points0 points1 point 11 hours ago (3 children) Half of those old white guys don't even know what crypto is. Just retire already permalink embed save report give award reply [–]SkankHunt42-___- 2 points3 points4 points 11 hours ago (1 child) They're dinosaurs trying to avoir the crypto comet coming their way permalink embed save parent report give award reply [–]nacockerspanielTin -1 points0 points1 point 11 hours ago (0 children) Good luck with that! permalink embed save parent report give award reply [–]SorrytoruinPlatinum | QC: CC 449 -1 points0 points1 point 11 hours ago (0 children) coffin dodgers... permalink embed save parent report give award reply [–]JNisher 0 points1 point2 points 11 hours ago (4 children) We need some younger people in government. Who actually know what crypto is permalink embed save report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0 points1 point 11 hours ago (2 children) Young people lack the experience, it's not like in the textbooks but some US politicians are almost 100 years old. The should at least be a cap lol permalink embed save parent report give award reply [–]Trent1462 0 points1 point2 points 11 hours ago (1 child) I mean even someone who’s like 50 would be young in comparison permalink embed save parent report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 0 points1 point2 points 10 hours ago (0 children) Absolutely. Even 35-40 is experienced enough permalink embed save parent report give award reply [–]its_ya_boi_wulfTin | GMEJungle 7 | Superstonk 33 -2 points-1 points0 points 11 hours ago (0 children) I agree, get these dinosaurs out of here permalink embed save parent report give award reply [–]Enkaem 0 points1 point2 points 11 hours ago (0 children) I’m glad they know what they want. permalink embed save report give award reply [+][deleted] 11 hours ago (8 children) [deleted] [–]SorrytoruinPlatinum | QC: CC 449 0 points1 point2 points 11 hours ago (1 child) I doubt they will be coming for moons permalink embed save report give award reply [–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 0 points1 point2 points 11 hours ago (3 children) Haha. This. permalink embed save report give award reply [–]SkankHunt42-___- 1 point2 points3 points 11 hours ago (2 children) Careful, soon those moons will have to be reported if it reaches $1 permalink embed save parent report give award reply [–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 1 point2 points3 points 11 hours ago (0 children) I’ll worry about that if I e s up selling anything. permalink embed save parent report give award reply [–]Pr0MeisterTin 1 point2 points3 points 9 hours ago (0 children) Also, a lot of people will be reporting to their own countries Revenue services and not these guys, because y'know, we ain't all in the US of A permalink embed save parent report give award reply [–]AncientCauliflower47Tin | r/SSB 6 0 points1 point2 points 11 hours ago (1 child) Careful what you wish for. Moons are quite volatile 😁 permalink embed save report give award reply [–]SkankHunt42-___- 0 points1 point2 points 11 hours ago (0 children) Unless moons reach $10, i'm quite safe for now x) permalink embed save parent report give award reply [–]AltruisticPops 0 points1 point2 points 11 hours ago (0 children) US senator can smell my sweaty balls. permalink embed save report give award reply [–]NuewimPlatinum | QC: CC 613, ETH 31 | TraderSubs 31 0 points1 point2 points 11 hours ago (0 children) US Senators would love you to report everything from time you spend on the toilet to how many breaths you take daily and tax you for it. permalink embed save report give award reply [–]Comicaz3 0 points1 point2 points 11 hours ago (0 children) US senators would hate for us to vote them out of office, so they’ll promise you empty promises to keep their positions of power permalink embed save report give award reply [–]pinballrockerTin 1 point2 points3 points 11 hours ago (0 children) Not surprising. permalink embed save report give award reply [–]lifeiswutumakeitTin | r/WSB 52 0 points1 point2 points 11 hours ago (0 children) US senators can stfu permalink embed save report give award reply [+][deleted] 11 hours ago (1 child) [deleted] [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0 points1 point 11 hours ago (0 children) Plot twist: never was permalink embed save report give award reply [–]GeolinearI wished for this 0 points1 point2 points 11 hours ago (2 children) I don’t even have 10k in crypto. Guess that means my gains are free ? permalink embed save report give award reply [–]Party_Practice_7292 0 points1 point2 points 11 hours ago (1 child) Keep holding your moons, soon enough you will. permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (0 children) Hey man, you too. We are doing great at this. permalink embed save parent report give award reply [–]Dacotetu 0 points1 point2 points 11 hours ago (1 child) divide transaction into 2 or 3 parts in order divide risk permalink embed save report give award reply [–]prosenl1Platinum | QC: CC 148 0 points1 point2 points 11 hours ago (0 children) Or smaller still. Can we get automation for this? permalink embed save parent report give award reply [–]tehbadge 0 points1 point2 points 11 hours ago (1 child) Whew, saved by my $12 portfolio permalink embed save report give award reply [–]ProtectionNo1727 0 points1 point2 points 11 hours ago (0 children) Wait until a few moon distributions and your portfolio will skyrocket ! permalink embed save parent report give award reply [–]TopAlert2383Platinum | QC: CC 55 | AvatarTrading 10 0 points1 point2 points 5 hours ago (0 children) Let me guess. The dinosaur herself Liz Warren. permalink embed save report give award reply [–]Market-Dependent 0 points1 point2 points 4 hours ago (0 children) No permalink embed save report give award reply [–]pukem0nPlatinum | QC: CC 1350 -1 points0 points1 point 11 hours ago (1 child) only if they do the same with illegal campaign contributions permalink embed save report give award reply [–]jaydub1376 -1 points0 points1 point 11 hours ago (0 children) This…. Most unregulated circumvented bullshit there is. permalink embed save parent report give award reply [–]Traditional-Pound966 0 points1 point2 points 11 hours ago (0 children) Yea no....I am not reporting transactions of what ever amount they pull out of their asses. Good luck to them FOAD Maa noncompliance is how this is defeated. permalink embed save report give award reply [–]BlubberWallWhat the hell is a flair -1 points0 points1 point 11 hours ago (0 children) It’s the same as banking rules tbh, if anything I see this as legitimizing crypto in the governments eyes permalink embed save report give award reply [–]Jcook_14 -1 points0 points1 point 11 hours ago (0 children) Not too surprising. This is in line with current money transfer regulations, so I don’t see this outside of standard regulations. permalink embed save report give award reply [–]CoolCoolPapaOldSkoolPlatinum | QC: CC 1293 -1 points0 points1 point 11 hours ago (4 children) I am open to report my negative —$10,000 transactions permalink embed save report give award reply [–]GeolinearI wished for this -1 points0 points1 point 11 hours ago (0 children) I will happily report they owe me 10k too. permalink embed save parent report give award reply [–]AltruisticPops -3 points-2 points-1 points 11 hours ago (1 child) They don't care about your losses but if you gamble pays off, they want a cut. permalink embed save parent report give award reply [–]CoolCoolPapaOldSkoolPlatinum | QC: CC 1293 -1 points0 points1 point 11 hours ago (0 children) Profits are theirs and losses are ours, that’s governments for you. permalink embed save parent report give award reply [+][deleted] 11 hours ago (1 child) [deleted] [–]TheHudinatorBronze -1 points0 points1 point 11 hours ago (0 children) Awesome! Looks like they'll new r be bothering little ol' me! permalink embed save report give award reply [–]Maximum_Sign2804 -1 points0 points1 point 11 hours ago (0 children) Happy I am from- and live in Europe. permalink embed save report give award reply [–]OMFGROFLMAO2Platinum | QC: CC 30 -1 points0 points1 point 11 hours ago (1 child) Can't they just make 2 transactions of $5,000, using 2 different accounts? I mean, if they're money laundering I don't think they care about doing extra steps. permalink embed save report give award reply [–]OMFGROFLMAO2Platinum | QC: CC 30 0 points1 point2 points 9 hours ago (0 children) I'm honestly curious as to why people downvote comments like this. permalink embed save parent report give award reply [–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 -1 points0 points1 point 11 hours ago (0 children) This is much better than I would expect. At one point they were talking anything over $600. Need the break on my future moons bag 🚀 permalink embed save report give award reply [–]hajro992 -1 points0 points1 point 11 hours ago (0 children) screw you and the SEC permalink embed save report give award reply [–]GregoryonetulumTin -1 points0 points1 point 11 hours ago (0 children) And I want good politicians. So we both don’t get it, it’s fine. permalink embed save report give award reply [–]Lhadar31Tin | CRO 5 -1 points0 points1 point 11 hours ago (0 children) I will report it after the bull run permalink embed save report give award reply [–]SwoopscooterPlatinum | QC: CC 23 | PoliticalHumor 48 -1 points0 points1 point 11 hours ago (0 children) I dont know much about roger marshall but graham, warren and manchin are some of our worst senators. permalink embed save report give award reply [–]Legitimate_Suit_3431 -1 points0 points1 point 11 hours ago (0 children) if you got that much money you can't divide the amount down below 10k, you be living good. permalink embed save report give award reply [–]ExpensiveCategory854Bronze | QC: CC 15 | SHIB 20 | Pers.Fin. 19 -1 points0 points1 point 7 hours ago (0 children) Anything Warren touches turns to shit. permalink embed save report give award reply [–]NotPresidentChumpPlatinum | QC: DOGE 340, CC 105 | r/WSB 180 -1 points0 points1 point 7 hours ago (0 children) I’ll disclose if they disclose. An awful lot of Senators had kids working in Ukraine as advisors or board members before Putin invaded. permalink embed save report give award reply [–]Dull-Wear-3286 0 points1 point2 points 11 hours ago (0 children) My accountant - Why do you always do transactions in $9999? permalink embed save report give award reply [–]LinophryneTin 0 points1 point2 points 11 hours ago (0 children) This is done already in Canada. Doesn't stop me. permalink embed save report give award reply [–]dubski04021Silver | QC: ETH 97, CC 54, BTC 26 | SHIB 41 | TraderSubs 88 0 points1 point2 points 11 hours ago (0 children) Want is a very loose word to choose…I want $1,000,000, I want my girlfriend to workout…they want, but they can suck it permalink embed save report give award reply [–]TotalBeefcallTin 0 points1 point2 points 11 hours ago (0 children) Can someone tell these dinosaurs that the future is now. permalink embed save report give award reply [–]Lcmac12Bronze | CRO 5 | r/WSB 64 0 points1 point2 points 11 hours ago (0 children) FBAR reports are not used to report transactions. They simply ask for the highest balance of each account over the course of the tax year permalink embed save report give award reply [–]masedogg98 0 points1 point2 points 11 hours ago (0 children) If there’s one thing you can count on in crypto it’s that if ole Lizzy Warren is involved it won’t end well! That lady is a total damper on a crypto party for sure. permalink embed save report give award reply [–]ibrawTin 0 points1 point2 points 11 hours ago (0 children) They resent autonomy permalink embed save report give award reply [–]snowmichaelh 0 points1 point2 points 11 hours ago (0 children) I want US senators to report every $10,000 they spend. permalink embed save report give award reply [–]Crypto-Jim33 0 points1 point2 points 11 hours ago (0 children) I would simply use 10 transactions of 1k permalink embed save report give award reply [–]Urticans 0 points1 point2 points 11 hours ago (0 children) Good thing i only ever lose money. Honestly shocked that they dont want to tax me on that too. permalink embed save report give award reply [–]PurplerRaincome as you are 0 points1 point2 points 11 hours ago (0 children) False headline. IRS wants you to report every transaction. permalink embed save report give award reply [–]TheRealCRexPlatinum | QC: CC 63 0 points1 point2 points 11 hours ago (0 children) Shoot, I want to report crypto transactions over $10,000 too. Now, how do I get $10,000 or more permalink embed save report give award reply [–]KaydeeKaine 0 points1 point2 points 11 hours ago (0 children) Who paid Warren? She knows nothing about the industry yet keeps shouting regulation. permalink embed save report give award reply [–]KIG45 0 points1 point2 points 11 hours ago (0 children) I understand when I withdraw my millions I do it in 500 parts of $9999 instead of 2-3 times. permalink embed save report give award reply [–]WonzkyPlatinum | QC: CC 986 0 points1 point2 points 11 hours ago (0 children) Jokes on them, I'm poor permalink embed save report give award reply [–]IcyLingonberry5007Bronze | QC: ALGO 20 0 points1 point2 points 10 hours ago (0 children) Of course they do.. permalink embed save report give award reply [–]ApprehensiveClub6028 0 points1 point2 points 10 hours ago (0 children) None of this shit will matter for like 10 years permalink embed save report give award reply [–]JesusCrits 0 points1 point2 points 10 hours ago (0 children) fuck that bitch. you can't choose which law to follow and which laws to ignore. fix the fucking border and quit paying illegals if you want to actually follow laws. permalink embed save report give award reply [–]Schloss_RatiborTin 0 points1 point2 points 10 hours ago (0 children) Just fill out your taxes correctly not so damn hard. Gov always wants their cut. We had our 10+ years of funtime. permalink embed save report give award reply [–]risingcrow1o1 0 points1 point2 points 10 hours ago (0 children) Hold of them to assume I have close to $10k permalink embed save report give award reply [–]Agile_Ad_7061 0 points1 point2 points 10 hours ago (0 children) Haha. No way!🙂 permalink embed save report give award reply [–]Easy-Medicine-8610Tin 0 points1 point2 points 10 hours ago (0 children) This is already the standard for any money spent amounting to 10k or less over a year time. Are you all suddenly not ok with that now that its crypto? I disagree with it in all currencies. permalink embed save report give award reply [–]Wololo--WololoTin 0 points1 point2 points 10 hours ago (0 children) How about they start by reporting their own insider trading. Or everytime they spent $10K of tax payers money. permalink embed save report give award reply [–]A_grey_sheepTin | SHIB 13 0 points1 point2 points 10 hours ago (0 children) And I want them to stop insider trading. permalink embed save report give award reply [–]Berodur 0 points1 point2 points 10 hours ago (0 children) Not that dissimilar to current banking reporting requirements. permalink embed save report give award reply [–]excubitor15379 0 points1 point2 points 10 hours ago (0 children) I want all politicians to report their transactions and inside trading, can we make a deal then? permalink embed save report give award reply [–]economist_kinda 0 points1 point2 points 10 hours ago (0 children) How about we start by reporting every political donation over $10,000? permalink embed save report give award reply [–]blueblurspeedspinBronze | Superstonk 77 0 points1 point2 points 10 hours ago (0 children) ill be keeping my anonymity and my money to myself. once congress stops trading the traditional markets ill grow more inclined to comply with fairness. until then, suck deez. permalink embed save report give award reply [–]Tasmic_Wales 0 points1 point2 points 10 hours ago (0 children) Meanwhile I'd like them to do their jobs permalink embed save report give award reply [–]Mr_GrowhairTin 0 points1 point2 points 10 hours ago (0 children) Useless permalink embed save report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (0 children) i don't mind sending two transactions for $5k each just show how pointless this attempt to assert control is permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours ago (0 children) Okay send me your transactions first please (and that of your family members). permalink embed save report give award reply [–]AcademicTortoisePlatinum | QC: CC 93 0 points1 point2 points 10 hours ago (0 children) We are there boss and I vote no permalink embed save report give award reply [–]lostinpairadice 0 points1 point2 points 10 hours ago (0 children) Umm pass.... permalink embed save report give award reply [–]Bunker_BeansPlatinum | QC: CC 224, BTC 40 | ADA 18 0 points1 point2 points 10 hours ago (0 children) I want Senators to report lobbying transactions over $10,000. permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours ago (0 children) The US is becoming to terrible with crypto regulation - they are missing out on a whole new technology industry. permalink embed save report give award reply [–]Ill-Sandwich-7703Tin | 4 months old 0 points1 point2 points 10 hours ago (0 children) They’re trying to find their way to recurring £££ and embed themselves before crypto really goes mainstream permalink embed save report give award reply [–]BrowsingCoinsSilver | QC: CC 403 | CAKE 28 0 points1 point2 points 10 hours ago (0 children) is this essentially part of the same law that requires you to report any transaction across borders over 10k? permalink embed save report give award reply [–]masedogg98 0 points1 point2 points 10 hours ago (0 children) Elizabeth Warren is truly an issue for the cryptocurrency space she always has some off the wall policy she’s trying to push. permalink embed save report give award reply [–]FGTRTDtradesTin 0 points1 point2 points 10 hours ago (0 children) Not saying I agree but this is in line with fiat purchases also. At least its consistent I guess permalink embed save report give award reply [–]FlapJackson420Bronze | ADA 8 0 points1 point2 points 10 hours ago (0 children) Offshore Accounts .... permalink embed save report give award reply [–]LardbearPlatinum | QC: CC 71 0 points1 point2 points 10 hours ago (0 children) Surely the more popular crypto gets, this will just end up costing the government thousands of dollars in administration costs. permalink embed save report give award reply [–]Due-World2907Tin 0 points1 point2 points 10 hours ago (0 children) As long as they do the same for any behind the scenes payments then we have a deal 🤡 permalink embed save report give award reply [–]Scholes_SC2HODL 0 points1 point2 points 10 hours ago (0 children) I'll never have to report anything then permalink embed save report give award reply [–]DontListenToMe33Platinum | 5 months old | QC: BTC 35, CC 19 | Stocks 29 0 points1 point2 points 10 hours ago (0 children) I can do that permalink embed save report give award reply [–]OkCycle5884 0 points1 point2 points 10 hours ago (0 children) This bill's changing the game. Wallet providers and validators going legit as financial institutions? Crypto's evolving permalink embed save report give award reply [–]_who_is_they_ 0 points1 point2 points 10 hours ago (0 children) Them first. permalink embed save report give award reply [–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 9 hours ago (0 children) Oh how free we are... permalink embed save report give award reply [–]Duomax81Tin 0 points1 point2 points 9 hours ago (0 children) I only trade in $9,999 amounts. permalink embed save report give award reply [–]EpicHasAIDS 0 points1 point2 points 9 hours ago (0 children) Just like reporting for cash transactions of more than $10K. It's just a copy of the cash transaction reporting and frankly, should come as no surprise. It's sort of a classic money laundering thing. The funny part is, just like the $10k cash reporting rule, I would venture 99% of you won't ever be affected by it. permalink embed save report give award reply [–]plopsevenPlatinum | QC: CC 86, BTC 43 | DayTrading 8 | Technology 116 0 points1 point2 points 9 hours ago (0 children) US senators can’t yell at the commoners while they inside-trade stocks on privileged information. I honestly don’t understand how they can pass regulations that would only affect other people while letting the status quo work for them. permalink embed save report give award reply [–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9 hours ago (0 children) Ewwwww permalink embed save report give award reply [–]Forsaken-Weird-8428 0 points1 point2 points 9 hours ago (0 children) I want to know in real time donations and rorts! permalink embed save report give award reply [–]Temporary_Ad_5947 0 points1 point2 points 9 hours ago (0 children) If my wallet becomes its own financial institution do I finally get access to that dark pool everyone trades on? permalink embed save report give award reply [–]soyelvorphViva Mexico Cabrones 0 points1 point2 points 9 hours ago (0 children) I wish I have 10,000 usd to transact. permalink embed save report give award reply [–]Comfortable-Double94Platinum | QC: DOGE 21 0 points1 point2 points 9 hours ago (1 child) How about they disclose all of their insider trades that net them more than $10,000?? Oh they won’t do that? Shocking permalink embed save report give award reply [–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 8 hours ago (0 children) Nancy Pelosi would like to have a word permalink embed save parent report give award reply [–]manus101010Platinum | QC: CC 54 0 points1 point2 points 9 hours ago (0 children) Good thing my weekly DCA is only $76 permalink embed save report give award reply [–]Gooner_93Tin 0 points1 point2 points 9 hours ago (0 children) Crypto is so useless and dangerous but they want a piece of your profits from it. Go figure. permalink embed save report give award reply [–]sammybwise53Tin 0 points1 point2 points 8 hours ago (0 children) Well I want them to report insider trading. permalink embed save report give award reply [–]micro-ioTin 0 points1 point2 points 8 hours ago (0 children) These bloodsuckers will never give up. permalink embed save report give award reply [–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 8 hours ago (0 children) Fine I will just do $9,999.99 permalink embed save report give award reply [–]CoolDragon_Here4 - 5 years account age. 125 - 250 comment karma. 0 points1 point2 points 8 hours ago (0 children) Soon you won’t be able to buy anything with cash, because only criminals use cash. permalink embed save report give award reply [–]xof711 0 points1 point2 points 8 hours ago (0 children) Fuck 'em hard permalink embed save report give award reply [–]RunsOnJava98 0 points1 point2 points 8 hours ago (1 child) What’s the penalty of noncompliance? permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago (0 children) Depends on how good you are at it! permalink embed save parent report give award reply [–]cedarrapidsiausTin 0 points1 point2 points 8 hours ago (0 children) so when you need to transact approximately 1 million dollars, do 100 transactions of $9,999.99. permalink embed save report give award reply [–]RunsOnJava98 0 points1 point2 points 8 hours ago (0 children) What a gross overreach. I can’t believe Lindsay Grahm is supporting her on this too. Despicable. permalink embed save report give award reply [–]StryderixTin 0 points1 point2 points 8 hours ago (0 children) Why? So they can insider trade even more. permalink embed save report give award reply [–]StamInBlackTin 0 points1 point2 points 8 hours ago (0 children) See, this sounds much more reasonable than $600. permalink embed save report give award reply [–]FattyFireKidPlatinum 0 points1 point2 points 7 hours ago (0 children) Haha hahaha no permalink embed save report give award reply [–]Ok_Play_7144Tin 0 points1 point2 points 7 hours ago (0 children) "Gimme gimme never gets" permalink embed save report give award reply [–]bears_or_bullsBronze 0 points1 point2 points 7 hours ago (0 children) Sure. First let them stop insider trading since you know that’s illegal and everything. And second, they should also report as well since most likely they think this will only apply to the commoners and not them. permalink embed save report give award reply [–]Magnus_Effect_KalsuBronze 0 points1 point2 points 7 hours ago (0 children) Can I just reply, see Alex Mashinsky? permalink embed save report give award reply [–]dabornstein 0 points1 point2 points 7 hours ago (0 children) Must be nice to have $10,000 to report permalink embed save report give award reply [–]Gossipmanghere for the tech sometimes 0 points1 point2 points 7 hours ago (0 children) Lol good luck with that. permalink embed save report give award reply [–]Mikehaueter 0 points1 point2 points 7 hours ago (0 children) No. permalink embed save report give award reply [–]Blunts_bunnyPlatinum | QC: CC 35 | Buttcoin 11 0 points1 point2 points 7 hours ago (0 children) No thanks permalink embed save report give award reply [–]MisterD00d 0 points1 point2 points 7 hours ago (0 children) I sold a JPEG for 80 cents today... I don't think I have to worry permalink embed save report give award reply [–]Puddin-Luv 0 points1 point2 points 6 hours ago (0 children) And Cash isn't the main choice for drug dealers and rouge nation. Easier to hide cash then it is to hide a crypto transaction. Dinasors in office now. We need a lot younger blood there just scared of technology. Or losing there contributions. permalink embed save report give award reply [–]bush--Tin | Mac 13 0 points1 point2 points 6 hours ago (0 children) People have more than 10k in crypto? 🥺 permalink embed save report give award reply [–]Creative_Visit122Tin 0 points1 point2 points 6 hours ago (0 children) Phew permalink embed save report give award reply [–]MineHunterxBBronze | TRX 25 0 points1 point2 points 6 hours ago (0 children) Well, I lost 10,000 in a boating accident. permalink embed save report give award reply [–]kaasrapsmenTin 0 points1 point2 points 6 hours ago (0 children) Another day of our being glad I'm not American permalink embed save report give award reply [–]Kenjiquest2018 Survivor 0 points1 point2 points 5 hours ago (0 children) My tax office sends me subtle general e-mail reminders telling me to report my crypto trades... (Australia) permalink embed save report give award reply [–]pcakes13Silver | QC: CC 300, ETH 65, DOT 23 | ADA 77 | Superstonk 214 0 points1 point2 points 5 hours ago (0 children) No, lol permalink embed save report give award reply [–]standardcivilian 0 points1 point2 points 5 hours ago (0 children) I bet they do. permalink embed save report give award reply [–]SmallReflection2552Bronze | QC: CC 19 0 points1 point2 points 5 hours ago (0 children) Awwww....isn't that so adorable. permalink embed save report give award reply [–]GrunblauPlatinum | QC: CC 410, BTC 71 | r/WSB 214 0 points1 point2 points 4 hours ago (0 children) I want them to report contributions over $10k to me, personally. If they are within my voting ballot, I want a phone call asking me if it is okay if they accept payment. permalink embed save report give award reply [–]klayizzelBronze 0 points1 point2 points 4 hours ago (0 children) I will report it when it leaves the casino. permalink embed save report give award reply [–]fairysquirtTin | BANANO 17 0 points1 point2 points 4 hours ago (0 children) It is a public Blockchain...report eVery time youre an idiot to people, oh wait they do and make it legistation. permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago (0 children) Today it’s 10k, then they’ll lower it to 5k, then it’s anything over $600 and so on. Incrementalism is how they wear you down, don’t let it happen. permalink embed save report give award reply [–]RamboBalboa21Tin 0 points1 point2 points 3 hours ago (0 children) Nice, my 5 dollar trades are safe! permalink embed save report give award reply [–]Unable_Ad5430 0 points1 point2 points 3 hours ago (0 children) Yeahhhhh that’s gonna be a no for me dawg permalink embed save report give award reply [–]ImpetusinSilver | QC: CC 354, BTC 73, ETH 41 | NANO 135 | r/WSB 253 0 points1 point2 points 3 hours ago (0 children) It’s not really a big deal to do, but the penalties for not filing FBAR are currently insane and ridiculous. It’s also a pain to report on a website running on a hamster wheel and I expect most people won’t understand how to do it properly. In any case, follow the law and file with requirements. It costs you nothing to do and saves you from a world of hurt. permalink embed save report give award reply [–]hahaa242 0 points1 point2 points 3 hours ago (0 children) Well since you asked so nicely, no permalink embed save report give award reply [–]Little-Cold-Hands 0 points1 point2 points 3 hours ago (0 children) Op will need to report on his moons 😅 permalink embed save report give award reply [–]mr_sewPlatinum | QC: BTC 55 0 points1 point2 points 2 hours ago (0 children) I want all of congress to immediately and publicly report all security and cryptocurrency trades any time they happen. permalink embed save report give award reply [–]GotStuckedTin 0 points1 point2 points 2 hours ago (0 children) (っ'-')╮ =͟͟͞🌝 permalink embed save report give award reply [–]WordofDogeRedditor for 2 months. 0 points1 point2 points 2 hours ago (0 children) Isn't declaring or providing proof for anything cash/investment/money based that is 10k or over ? Or does the US not have those sorts of AML laws? permalink embed save report give award reply [–]OfWhomIAmChiefPlatinum | QC: XMR 66 0 points1 point2 points 2 hours ago (0 children) laughs in Monero permalink embed save report give award reply [–]AlligatorDerbyPlatinum | QC: CC 103 0 points1 point2 points 2 hours ago (0 children) I'll report when They lock their stocks in a trust. permalink embed save report give award reply [–]Zoomthenature 0 points1 point2 points 1 hour ago (0 children) This could have significant implications for the crypto industry and its users ... permalink embed save report give award reply [–]goofytigreShitcoin Connoisseur 0 points1 point2 points 1 hour ago (0 children) While I lean towards, "Fuck no," I know the same happens with a $10k+ transaction in USD. I haven't looked too much into this, but I don't see any difference in reporting a $10,000 cash transaction vs a $10,000 crypto transaction. permalink embed save report give award reply [–]jesser9Tin | CAKE 9 0 points1 point2 points 1 hour ago (0 children) Not happening permalink embed save report give award reply