Cryptocurrency is the future.” In the article by The Chain Bullet, Peter Goodrich, Tax Manager, discusses how the future of cryptocurrency is much closer than we think thanks to some big events
What Moved Cryptocurrency From the Fringes to the Mainstream? Ingenuity and the Attention of the IRS
Iconic American humorist Will Rogers once said, “The only difference between death and taxes is that death doesn’t get any worse every time Congress meets.”
Over the past few years, cryptocurrency and its underlying technology, blockchain, have started to evolve from being misunderstood concepts into a mainstream means to conduct digital transactions. Cryptocurrency is a digital form of currency used as a medium of exchange for conducting internet-based sales and financial transactions. Unlike paper bills or coins, cryptocurrency lacks physical properties and is stored in virtual wallets rather than bank accounts.