Questions tagged [need to be reported]

Valentino Mon Jun 10 2024 | 5 answers 922

I'm curious, do all crypto transactions need to be reported? Is it a legal requirement in every jurisdiction, or does it vary? Are there certain types of transactions that are exempt from reporting? Also, what are the consequences if someone fails to report a crypto transaction? Is there a threshold amount below which transactions don't need to be reported? I'm trying to understand the nuances of crypto compliance and would appreciate any clarification you can provide.