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Congress has recently determined that big transfers of digital assets should be a criminally suspect as transacting in bricks of cash. Very bad.

Opinion | Congress Treats Bitcoin Like Stacks of Cash

A new federal law mandates reporting transactions of more than $10,000. Why?

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does the government think BTC is a currency or doesn't it??

10:10 PM · Jan 18, 2022

José Luis Ricón Fernández de la Puente

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Taxwise, the IRS classifies bitcoin as a commodity, so technically it's bricks of gold rather than bricks of cash I guess

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