Yes, there are regulations and checks in place for deposits and transactions over 10k in the banking industry in Australia, at any rate. But people who are transacting in fiat are already aware of this. The fact they are pursuing BTC transactions means that the IRS is cracking down on what it perceives as a vehicle for money-laundering, potentially hiding capital gains tax, and perhaps as a means of intercepting the black economy.
Yes, there are regulations and checks in place for deposits and transactions over 10k in the banking industry in Australia, at any rate. But people who are transacting in fiat are already aware of this. The fact they are pursuing BTC transactions means that the IRS is cracking down on what it perceives as a vehicle for money-laundering, potentially hiding capital gains tax, and perhaps as a means of intercepting the black economy.