Taxes, Regulations, and Pornography Scandal – Cryptocurrency Downtrend Resumes

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Bull Run

Cryptocurrencies resumed the selloff after posting gains in the last three days; the market was jolted by several unpleasant reports that have long-standing implications on cryptocurrency markets. Today’s news involves the Internal Revenue Service.

The Internal Revenue Service seems to be broadeningĀ their tax range; IRS is now looking to impose capital gains tax on all products that are bought using cryptocurrencies. They will also collect taxes when investors convert digital currencies into fiat currencies or when investors use one digital currency to buy other virtual currency.

Child Pornography on Bitcoin Blockchain

The child ...

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