[1]https://www.newsbreakapp.com/n/0MRBs2yi?s=a3&pd=023dWHXg

The Internal Revenue Service wants a piece of the crypto action

Yahoo!

Donald Trump might not be a fan of cryptocurrencies, but the Internal Revenue Se
rvice still wants its cut of the profits.

Shared from News Break


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Jim Bell's comment follows:
As I understand it, in America buying and selling (foreign) currencies is tax-fr
ee.  The IRS arbitrarily decided, maybe in 2013, that Bitcoin would be treated d
ifferently: presumably because they knew that it would dramatically appreciate,
as it has, so that they would get a cut of the increase in value.  Which, of cou
rse, is unfair. No actual value increase occurs.

References

   1. https://www.newsbreakapp.com/n/0MRBs2yi?s=a3&pd=023dWHXg