[JediWing]

What are the reporting requirements? Will they lead to taxation? Overhead computing resource per block/transaction validated?

Is this reporting only, or will it result in additional taxes?

This seems light on details, and I really don't know what opinion to have on this without understanding what the requirements are. Nothing I've read succinctly explains this.

[jcranmer]

The same reporting requirements as banks. So the amendment is basically saying that anything that looks bank-ish in cryptocurrency terms will actually be treated as a bank for KYC/AML requirements. The consternation is that the "anything that looks bank-ish" is too broadly defined, but from my reading, it really isn't.