The U.S. IRS has published an updated webpage concerning the taxation of virtual currency, dated 12 February 2020.
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Virtual Currencies
Virtual currency transactions are taxable by law just like transactions in any other property. Taxpayers transacting in virtual currency may have to report those transactions on their tax returns.
What is Virtual Currency?
Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store o…