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Author Topic: How does bitcoin affect the ability of the state to  (Read 134 times)

abaid

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How does bitcoin affect the ability of the state to
« on: August 25, 2018, 05:41:34 PM »
Due to lack of legal currency status within any jurisdiction, IRS treats Bitcoin as property for the purpose of collecting taxes. This determination is likely to cause difficulties, especially when Bitcoin prices fluctuate, the volume of transactions continues to grow, and other tax compliance issues are taken into account.

 

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