Uncle Sam Wants In on Your #crypto Gains
▻https://hackernoon.com/uncle-sam-wants-in-on-your-crypto-gains-11ec2f964c72?source=rss----3a814
Disclaimer: The following article does not represent IoTeX’s views. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency of the U.S. government. The author is not a professional accountant, financial advisor, or certified CFA/CPA. This post is not a legal, financial, or tax advice.Cryptocurrency has 3 properties that make it so hard to categorize.1. Commodity: People trade it like gold and silver.2. Property: Sometimes people use cryptocurrency to transfer money to abroad. In this sense, cryptocurrency is treated as a currency or also known as property.3. Asset/Security: Exchanges and ICO (equivalent of IPO in crypto world) are both categorized under “investment product”.Cryptocurrencies’ (...)