While the cryptocurrency market is going through a rough patch, the Biden administration decides to neutralize the tax blind spot that cryptocurrencies represent. As part of its tax reform, it proposes to include them in tax returns.

Cryptocurrency transactions "will be monitored," Washington said, and "additional resources" will be allocated to the IRS, the tax administration, "to deal with the growth of cryptocurrencies." Thus, " companies that receive sums in cryptocurrency should be required to declare them beyond $ 10,000 ," said Thursday the Treasury Department, in a document that details measures to reduce tax evasion.

Washington believes that even though cryptocurrencies today account for only a relatively small share of business revenues, these transactions could likely gain in importance over the next decade.