With
the heightened trading of cryptocurrencies in 2017, Tom estimates cryptocurrency tax owed to the Internal Revenue Service (IRS) to be 25 billion US dollars.
Not exact matches
In fact, the majority
of cryptocurrencies» performance in 2017 gave indications that 2018 would indeed be a year when digital assets will grow by heap and bounds going through waves
of heightened trade volumes and
of course, mass adoption.
The regulator added that
cryptocurrencies currently only trigger potentially harmful side effects such as market manipulation, fraud,
heightened speculative
trading, illegal practices
of capital funds raising, and cybercrimes associated with
cryptocurrency theft.
However, some institutional firms have expressed reservations about the development
of cryptocurrency futures products, and — responding to these critics — the Commodity Futures
Trading Commission (CFTC) has said that it will implement a «
heightened review» process for new
cryptocurrency derivatives products moving forward.
Bitfinex seems to have gotten it together in the wake
of its high - profile security breach, but it too has struggled to keep operations running smoothly amid
heightened demand for
cryptocurrency trading.