Spending Bitcoin (BTC) may be easy, but mainstream users are avoiding it. There may be one reason – the recent interest of the taxman in digital coins. Bitcoin Income May Create Taxable Event Not only US citizens, but also internationals, see the usage of BTC as creating a taxable event. Certainly, the IRS and other entities are not tracking the BTC transactions just yet. However, there are tools to see revenues recognized from crypto-related services.Read MoreThe post No One is Spending Bitcoin For Fear of the Tax Man appeared first on Bitcoinist.com.
