Taxes in 2020 – IRS Taxes on Virtual Currencies
When Satoshi Nakamoto ventured into inventing the ‘digital cash’, not one living soul could think of virtual or cryptocurrency to emerge into the financial world – Bitcoins. This was the mere existence of a type of decentralized currency immune to any governmental interference that existed much prior to Satoshi’s work. Introduction to Virtual Currency In 1983, the first mention of e-cash, or Digital cash was put forth by David Chaum – In 1990, he founded DigiCash, which unfortunately filed soon…