The lira slid as much as 4% against the dollar on Tuesday as Turkey girded for inflation to rise further after touching a 19-year peak, even as President Tayyip Erdogan said the worst of the economic turmoil was left behind.
The Biden administration's tax enforcement proposal would require that cryptocurrency transfers over $10,000 be reported to the Internal Revenue Service and would more than double the IRS workforce over a decade, the U.S. Treasury said on Thursday.