This regulation will provide guidance under section 6050I regarding the reporting obligations of persons engaged in trades or businesses that receive cash (which, for purposes of section 6050I, includes digital assets in excess of $10,000) in the course of such trades or businesses.  Section 80603(b)(3) of the Infrastructure Investment and Jobs Act, Public Law 117-58, 135 Stat. 429, 1339 (2021) amended section 6050I to include reporting on receipt of digital assets.  The amended statute is effective for returns required to be filed after December 31, 2023.