The IRS says bitcoin is FBAR-reportable, FINCEN says it isn’t

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The IRS says bitcoin is FBAR-reportable, FINCEN says it isn’t


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Old 18th July 2019, 01:11 PM
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Default The IRS says bitcoin is FBAR-reportable, FINCEN says it isn’t

“Virtual currency not FBAR reportable (at least for now)”

https://procedurallytaxing.com/virtu...ripple-effect/

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Old 19th July 2019, 10:03 AM
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Discussion of this rather comical disagreement at Forbes.

https://www.forbes.com/sites/baldwin...the-good-guys/

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Old 19th July 2019, 10:11 AM
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US officials always seem to refer to any form of blockchain using that preface “crypto”.

As in crypto-communist, I suppose, implying bad intent and anti-americanism.

Yet the Bank of England has big plans involving blockchain, and at least one of my banks uses Ripple in its mobile app.

The US Treasury really needs to get up to speed on this. IMO

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