Cryptocurrency investors are now starting to worry about the tax implications of their gains. The US Internal Revenue Service (IRS) has yet to issue specific guidelines, but investors may be liable for capital gains tax on their profits. How much is crypto gains taxed? The amount of tax you will pay on your cryptocurrency profits […]
How Bitcoin Is Taxed
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
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