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RE: Bitcoin Receiving Increased Investors Confidence and More Investment Coming to Cryptocurrecny Market

in #bitcoin7 years ago

There will soon come a time that it needs to be addressed: Cryptocurrency and taxes https://steemit.com/bitcoin/@xsid/the-problem-of-cryptocurrency-and-taxation

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@xsid I think if we hold Bitcoins as a capital asset, we must treat them as property for tax purposes. General tax principles applicable to property transactions apply but those are not too much

In the article, I'm looking a little further into the future - what will happen to taxes when cryptocurrency IS money, and fiat...isn't?

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