FinCEN is now interested in offshore crypto holdings, proposes new regulation

by Aurelia Butler 1 January 2021, 11:00 169 Views

However, the notice indicates that FinCEN wishes to amend these regulations. This would require U.S. citizens to report cryptocurrency accounts held with foreign institutions, if they are more than $10,000 in value.

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Source: Cryptocurrency - investing.com

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FinCEN is now interested in offshore crypto holdings, proposes new regulation

Why Markets Boomed in a Year of Human Misery

U.S. airline 2020 losses expected to top $35 billion in dismal Covid pandemic

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