Sentences with phrase «value of the virtual currency generated»

When a taxpayer successfully mines virtual currency, the fair market value of the virtual currency generated as of the date of receipt is includable in gross income.

Not exact matches

He had also co-founded Tether, which backs cryptocurrency tied to the value of a dollar and whose outstanding tokens are worth about $ 2.1 billion, though the company has generated enormous controversy in the virtual currency world.
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