As cryptocurrencies continue to lure investors and make them fortunes – or not – authorities around the globe are assessing how to treat altcoins for tax purposes. One clear consensus is emerging: if you spend or invest in them, it is crucial to understand how such transactions are treated for tax purposes.
Actor Ashton Kutcher, billionaire businessman Mark Cuban, venture capitalist Tim Draper and rapper Ghostface Killah are among an eclectic and growing group of speculators and investors falling under the spell of cryptocurrencies.
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