Cryptocurrency poses a significant risk of tax evasion
The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest.
Virtual currencies like bitcoin and ethereum, which are collectively valued around $2 trillion, offer investors a way to shield income from tax authorities.
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Greg Iacurci
Original Article Posted on: MAY 31 2021
Link to Original Article: https://www.cnbc.com/2021/05/31/cryptocurrency-poses-a-significant-risk-of-tax-evasion.html