IRS Notice may be Obstacle for Bitcoin Investors

The use of Bitcoin has grown as a means of exchange in commerce, but a recent Internal Revenue Service notice could be an obstacle to its future role in the consumer economy. This IRS notice will impose tax reporting obligations on both consumers who use Bitcoin to pay for merchandise and retailers who accept it as a method of payment. On the other hand, this IRS notice might benefit Bitcoin investors, at least in the short term.

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