You are thinking of this like a technologist. Think about it on how we handle reporting requirements on a cash transaction. There is nothing inherent in a cash

You are thinking of this like a technologist. Think about it on how we handle reporting requirements on a cash transaction. There is nothing inherent in a cash purchase that facilitates reporting of the transaction to the government. All of that _paperwork_ is handled outside of the transaction itself. With crypto the same manual reporting would apply. If however we want to supplement crypto with new extensions to help facilitate the reporting that's certainly possible.