Express

IRS Delists Ether And 2 Popular Gaming Tokens As Examples Of Convertible Virtual Currencies

Roland James

Summary: The Internal Revenue Service (IRS), the tax collection agency of the U.S. government, has decided to remove ether (ETH) and two gaming tokens, Fortnite’s V-bucks and Roblox’s Robux, as instances of convertible virtual currencies. According to a report from Bloomberg Tax, this change took place on Wednesday. Now the IRS’ section on virtual currencies only lists ...

The Internal Revenue Service (IRS), the tax collection agency of the U.S. government, has decided to remove ether (ETH) and two gaming tokens, Fortnite’s V-bucks and Roblox’s Robux, as instances of convertible virtual currencies.

According to a report from Bloomberg Tax, this change took place on Wednesday. Now the IRS’ section on virtual currencies only lists bitcoin (BTC) as an example.

By Roland James

Last Update:

Tags: ,,,,
Link: IRS Delists Ether And 2 Popular Gaming Tokens As Examples Of Convertible Virtual Currencies   [Copy]
Next:

Related Articles

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 10 hours ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 4 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 7 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 11 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 13 days ago

    • You need to login to comment.