Why Cryptocurrency is So Difficult for the IRS to Regulate

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3 Reasons Crypto Eludes Regulators

Cryptocurrency is all the rave right now, which is why tax authorities are aching to get their share of the revenue. This may prove to be a tricky proposition, though, as many members of the crypto community are against IRS regulation. Despite the challenges and discrepancies, however, the IRS clearly sees crypto as a lucrative enough source of revenue to continue to pursue regulation. And while policies and regulations will continue to shift and evolve, the crypto community should begin preparing now for stricter…

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