WebNov 16, 2024 · Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. The world’s largest digital coin briefly fell below $60,000 during morning trade London time. China’s... WebMar 1, 2024 · Cryptocurrency is subjected to taxes overseen by the Internal Revenue Service (IRS). The Internal Revenue Service issued Notice 2014-21 in 2014 that stated cryptocurrency is considered ‘property’ and not currency. Simply put, cryptocurrency is treated the same as stocks, bonds, and other assets that qualify for capital gains taxes.
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