Is Cryptocurrency Safe

Is Cryptocurrency Safe – Are There Any Legal Protections?

Legal AssistantAdministrative Law, Criminal Law, Regulatory Law

In a May 2021 press release, the US Treasury Department announced that it had put in place various measures to crack down on fraudulent cryptocurrency transactions. It stated that it would now require individuals or business entities transferring $10,000 or more worth of crypto assets to report those transactions to the Internal Revenue Service (IRS). According to the US Treasury, …