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US Considers Implementing Fiat Reporting Requirement on Crypto Transfers
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US Considers Implementing Fiat Reporting Requirement on Crypto Transfers

US Considers Implementing Fiat Reporting Requirement on Crypto Transfers

The U.S. Treasury Department and the Federal Reserve plan to redefine the definition of “money” used under the Bank Secrecy Act, with the aim of including cryptocurrencies and digital assets in the new reporting requirements.