According to the Internal Revenue Service (IRS), Bitcoin is actually considered a tax asset. 3 This has had a mixed effect on Bitcoin's volatility. On the positive side, any statement confirming the currency will have a positive impact on the currency’s market valuation; On the contrary, it is called property by the IRS, which has at least two negative effects. The first negative impact is the increase in complexity for users who want to use it as a form of payment. According to the new ...

According to the Internal Revenue Service (IRS), Bitcoin is actually considered a tax asset. 3 This has had a mixed effect on Bitcoin's volatility. On the positive side, any statement confirming the currency will have a positive impact on the currency’s market valuation; On the contrary, it is called property by the IRS, which has at least two negative effects. The first negative impact is the increase in complexity for users who want to use it as a form of payment. According to the new ...