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RE: IRS has been tracking Bitcoin usage since 2015 & List of Coins that Can Save You from Spies.

in #bitcoin7 years ago

None of those are convertible directly to fiat from a major exchange. That is why the IRS is going after exchanges like Coinbase/Gdax and Gemini because you can convert your ETH, BTC, LTC, and BCH to fiat. It is those transactions from those exchanges linked to a bank they want.

What we need are more businesses that do business in crypto so we don't have to use a bank anymore.