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Taxes Aren't Just for Cryptocurrencies
It's basically to mirror the same policy that already exists on internal banking transfers in the us. If an american is transacting more than ten thousand dollars in one go, that there would be similar rting to try to prevent a money lundering or fraudor whatever else. But that's a regulation thatalready eists in traditional banking. What's going to be weird and difficult is, like, how do you send a transaction if you're going from, you know, coin base or jim and i? And then you're sending it to a self custodied wallet,. Or like, you know, what's the information that's reported there? A that's some of