# \#fincen

**URL:** https://tw.forumosa.com/tag/fincen/427.md

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## [Cryptocurrency and FATCA, a clusterf\*\*\* (US)](https://tw.forumosa.com/t/cryptocurrency-and-fatca-a-clusterf-us/185517)

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**Author:** [@Bree](https://tw.forumosa.com/u/Bree)\
**Replies:** 20\
**Last updated:** [February 12, 2021, 7:08am UTC](https://tw.forumosa.com/t/cryptocurrency-and-fatca-a-clusterf-us/185517 "2021-02-12T07:08:49Z")

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I attended two days of IRS seminars, and what I heard was even more upsetting than their message in 2017. In 2017 IRS stated that §1031 didn’t apply to crypto exchanges, and therefore every transaction between currencie…