An Overview of the Taxation of Crypto and Digital Assets
Digital assets are bought and sold globally, 24/7, can be divided into smaller and smaller ownership units, and can be transferred between buyers and sellers at low cost and with lightning speed around the world in a global market now valued in the trillions of dollars.
The digital assets market is seen as a huge economic opportunity for the United States that also brings with it many risks never before encountered or navigated. New markets—with their new technologies and new asset classes—require workable regulations and tax laws as well as strong and responsible industry oversight to build and ensure trust in those markets.
Precisely because Crypto[1] is so new and different, and precisely because the technology that enables…
