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In the European Union, the question of who is obligated to report <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> transactions arises due to the increasingly significant role these digital currencies play in financial transactions. Could you elaborate on the specific entities or individuals who are mandated to report such transactions? Does this obligation extend to individuals who merely engage in casual trades or is it primarily focused on businesses and financial institutions? Furthermore, are there any thresholds or specific criteria that determine when a transaction must be reported? Clarifying these points would help in understanding the regulatory landscape surrounding cryptocurrency reporting in the EU.
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