The U.S. must develop new regulations before the rules can be applied beyond cash.

Two U.S. agencies announced on January 16 that controversial transaction reporting rules do not apply to digital assets, or cryptocurrencies.
“Businesses do not have to report receipt of digital assets the same way they report receipt of cash until the Treasury Department and IRS issue regulations,” the IRS and Treasury Department said.
In an accompanying announcement, the IRS and Treasury said: “This announcement provides transitional guidance… and clarifies that there is currently no requirement to include digital assets in determining whether a single transaction (or two or more related transactions) meets the reporting threshold. .”