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Coinbase Ordered to Turn Over Identities of 14,355 Cryptocurrency Traders to the IRS.FinCEN has clarified on their statement on Bitcoin, to a bitcoin-friendly ruling for miners especially.
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Things get more interesting if you were mining your own bitcoin. This will only take effect.Bitcoin payment processing company BitPay. then you need to get through the headache of reporting your bitcoin transactions to the IRS. crypto mining company.
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IRS classifies bitcoin and crypto-currencies as property, not currency.The guidance issued by the IRS back in 2014 stated that crypto currencies.
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