IRS Cracking Down on Crypto: Plans to Subpoena Apple & Google18

According to its skeptics and the government, Bitcoin is many bad things: a medium of terrorist financing, a way to launder money, a method for those to subvert the fiat money system, and, arguably most importantly, a tool that tax avoiders can use to skirt their obligations.

The leading tax authority in the world, the Internal Revenue Service (IRS) of the United States, has acknowledged this. According to a slide deck obtained by a taxation professional that focuses on cryptocurrency, the agency will be renewing its attempts to ensure that this industry is properly regulated.

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