Internal Revenue Service (IRS). “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury said in a press release. “Within the context of the new financial account reporting regime, cryptocurrencies and cryptoasset exchange accounts and payment service accounts that accept cryptocurrencies would be covered. Further, as with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on.” A growing number of Wall Street analysts have sounded the alarm that regulators at the Treasury and the Securities and Exchange Commission (SEC) could soon take a more active role in cryptocurrency regulation. (Related: Cryptocurrency scam hits hundreds of small investors.)