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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

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