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The IRS announced recently, to about 9 million individuals that they might be breaking the law by not reporting their transactions in Cryptocurrency. It added

The IRS announced recently, to about 9 million individuals that they might be breaking the law by not reporting their transactions in Cryptocurrency. It added that they think of cryptocurrency as security and not as a currency and hence the taxability of trading it. What do you think is the effect of such a statement on the viability of cryptocurrency.

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