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| Cryptocurrency, Taxation, and Initial Coin Offerings The IRS classifies cryptocurrency as property, then they turn around and issue John Doe Summonses[2] to Coinbase, which was the same thing the IRS did to foreign bank accounts, seemingly treating coin as currency. However the taxation of coin works like this, when you exchange one coin for ...
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| It's A Green Day For Crypto Digital currencies bounced back today, climbing after the South Korean government clarified that it has no immediate plans to ban cryptocurrency trading. The total market capitalization (market cap) of these digital currencies rose to as much as $725.2 billion today, according to CoinMarketCap.
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