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Taxing Every Bitcoin Purchase Will Backfire for the IRS

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Taxing Every bitcoin Purchase Will Backfire for the IRS

Taxing Every bitcoin Purchase Will Backfire for the IRS bitcoin has a remarkable way of teaching people very rapidly about the law of unintended consequences. A great example is when the Chinese government began inspecting regulated exchanges in February 2017. Believing that the exchanges might get shut down (they eventually did), buyers flocked to Localbitcoins,…

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