Full details of the US government's plans to increase tax compliance by wealthy US persons and businesses have now been released, revealing that foreign financial institutions and crypto-asset exchanges and custodians as well as US banks will be required to report total cash flows to and from customers' accounts. Accountholders will be required to certify their taxpayer identification numbers to financial institutions that make third-party information reports.
News Source：【US Department of the Treasury 2021/05/20】
