The IRS
views trading crypto for something of value as a type of bartering that must be included in income.
Not exact matches
by Tony Oreso Feb 28, 2018 Bitcoin News,
Crypto News, cryptocurrency, Cryptocurrency Market, Cryptocurrency
Trading 0 comments 2008
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So, while many are
viewing this meeting as a bad thing in the world of
crypto, it's time to start shifting opinions and welcoming any validating factor of the industry's potential, including potential
trading regulation out of the United States!
Practically, what this means is that if you
trade one
crypto for another
crypto (say BTC for XRP just to illustrate the point), the IRS
views you as doing the following:
Being part of the financial system brings enormous privileges, but with them great responsibilities... In my
view, holding
crypto asset exchanges to the same rigorous standards as those that
trade securities would address a major underlap in the regulatory approach.»
by Gabriela Feb 5, 2018 Bitcoin, Bitcoin Debit Card, Bitcoin News, Bitcoin Withdraw,
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by Gene May 20, 2017 Bitcoin, Bitcoin News, Bitcoin Savings, Buy Bitcoin,
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by Tony Oreso Feb 22, 2018 Bitcoin News,
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Trading 0 comments 1479
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by Peio Purlev Jan 10, 2018
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«In my
view, holding
crypto asset exchanges to the same rigorous standards as those that
trade securities would address a major underlap in the regulatory approach.»
by Gene Jun 27, 2017 Bitcoin News,
Crypto News, Cryptocurrency Market, Cryptocurrency
Trading, E-currencies, Handpicked, Scams, Sell Bitcoin,
Trading 0 comments 3107
Views
by Tony Oreso Mar 15, 2018 Bitcoin News,
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Trading 0 comments 1009
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by Gabriela Jan 30, 2018 Bitcoin News,
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Trading, ICO, Initial Coin Offering, Mining Hardware, Mining News 0 comments 1819
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The more that heavily regulated institutions get involved the more legitimacy can be awarded to
crypto currencies which are largely
viewed by old school bankers and TV pundits as the wild west of
trading and investing.