Coinbase Versus IRS: IRS Concedes The First Round

Coinbase Versus IRS: IRS Concedes The First Round

In what is being heralded as one of the biggest ever victories for the cryptocurrency community, the Internal Revenue Service has decided to considerably limit the scope of its investigation into customers of one of the most popular cryptocurrency exchanges in the country. The Story So Far. The latest development in this ongoing battle between Coinbase and the IRS brings as much surprise as it brings relief in the wake of Bitcoin’s slide into Bear Market territory. Not even the most optimistic supporters of the digital currency would have predicted this outcome after the agency had....


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Quotes

In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.

Andrew Ross Sorkin