Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It

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The greatest method to resolve this drawback could be to interrupt the class “digital assets” up into three sorts: steady digital belongings (stablecoins and LTDA), non-stable fungible cash (bitcoin, ether, dogecoin, and so on) and non-stable non-fungible cash (NFTs). The financial threshold for triggering a Form 8300 reporting requirement, presently set at a flat $10,000, must be listed to the sort of digital asset.