Bitcoin had an excellent performance last year, the cryptocurrency seamlessly made new highs almost on a weekly basis. However, cryptocurrency enthusiasts have been dancing to an entirely different crypto tune this year.
The U.S tax authorities will no longer tolerate crypto-tax evasion. Henceforth, every bitcoin and other cryptocurrencies transaction will be taxed by the United States Internal Revenue Service.(IRS).
In essence, the IRS will tax all transactions related to mining, spending, trading, exchanging and airdropping of cryptocurrencies.
The IRS has got its knives all sharpened and is set to start cutting its
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