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Tuesday, 24 February 2015

Bitcoin will be a big mess for both Bitcoin holders and the IRS


From Business Insider –

“Tax season is right around the corner, and most Americans are getting their W2s and paperwork ready.

And as virtual currency like Bitcoin becomes increasingly intertwined in consumer and corporate culture, the Internal Revenue Service may struggle to regulate and prosecute digital scofflaws.

But for the latest Bitcoin miners and traders trying to cash in on the cryptocurrency craze, the burden of staying within the complicated boundaries of the law are on them.”

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