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The IRS has already shown "comprehensive billino for cryptocurrency - federal government may be blind may not be reported on other third parties. The IRS may not be able to trace crypto income through an exchange, making 700 billion cryptocurrency transactions more opaque to government.
In that way, the crypto may not be taxed. And that means the income lead to tax evasion.
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| 700 billion cryptocurrency | The IRS may not be able to trace crypto income or transactions if they go unreported by exchanges, businesses and other third parties. Cryptos: 2. Fantom FTM. Bitcoin is known for wild price swings. Filters Customize. Aptos APT. |
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How An Unemployed Trader Became a $700 Million ExileBitcoin slipped closer to $4, and most of its peers tumbled on Friday, extending the Bloomberg Galaxy Crypto Index's decline since Nov. 16 to. More than $70 billion wiped off crypto market in 24 hours as bitcoin drops below $20, Bitcoin is under pressure as the Federal Reserve has. Major crypto tokens were trading higher on Thursday, with Bitcoin rising over 4% at $36, Other altcoins, such as Cardano, Dogecoin.
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