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

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 1 day ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 5 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 6 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 9 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.