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Bitcoins and crypto-currencies have been catapulted into public consciousness in recent months, not only because of soaring bitcoin prices but because of the interest in bitcoin of some of the world's largest technology companies, including the social media giant Facebook –who plans to launch his own cryptocurrency next year & nbsp;.
The price of bitcoin and the cryptocurrency markets have not been put in phase US President Donald Trump launched a scathing attack on Bitcoin and crypto earlier this month, targeting plans for the Facebook Balance project, but the bitcoin rally since the beginning of the year has been halted by the world opposition to the Libra.
Now, & nbsp; US Treasury Secretary Steven Mnuchin warned that bitcoin will no longer be widely used in ten years, while the Internal Revenue Service (IRS) is cracking down on cryptocurrency holders who, in its view, have not paid their taxes.
US President Donald Trump & nbsp; caused consternation in the bitcoin and cryptocurrency industry earlier this month when he tweeted his opposition to bitcoin.
Getty
"I can badure you that, personally, I will not be charged with bitcoin in 10 years," Mnuchin, which earlier this month marks Bitcoin and cryptocurrencies a "national security problem" told CNBC this week.
At a press conference a few weeks ago, Mnuchin said that he believed bitcoin and cRyptocurrency have been "exploited to support billions of dollars of illegal activities such as cybercrime, tax evasion, extortion, ransomware software, illegal drugs and illegal trafficking." 39, human beings, " echoing the comments made by Trump a few days earlier.
His latest comments suggest that the Trump administration could prepare for, or even try to ban, bitcoin and crypto-currencies, as was attempted in Russia, China and Indonesia.
"I would bet that even in five to six years I will not even talk about Bitcoin as a treasury secretary," Mnuchin added.
Meanwhile, the IRS started this week to send & nbsp; letters to some 10,000 US citizens who own bitcoins or other encrypted currencies that they believe have not paid the appropriate fees.
The price of bitcoin has soared this year, but it has reached a plateau after world regulators have embarked on crypto badysis.
Coindesk
"IRS steps up efforts in the area of virtual currency, including increased use of data badysis," IRS Commissioner Chuck Rettig said in a statement. declaration. "We strive to uphold the law and help taxpayers fully understand and respect their obligations. "
Theirs would have received the names of Bitcoin and the US coinbase currency Coinbase, who all bought, sold, sent or received a numerical value of $ 20,000 or more between 2013 and 2015.
The latest measures taken by the Trump administration to crack down on the bitcoin and cryptocurrency sector come after the & nbsp; accounting firm BTVK cautioned bitcoin and crypto "Wild West" may be about to end, as global regulators integrate into bitcoin and cryptocurrency trades as a result of the spotlight brought by the Facebook project of the balance.
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Bitcoins and crypto-currencies have been catapulted into the public consciousness in recent months, not only because of soaring bitcoin prices, but also because of the interest shown in bitcoin by some of the world's largest technology companies. world, especially the social media giant Facebook, which plans to launch its program. own cryptocurrency next year.
The price of bitcoin and the cryptocurrency markets were ineffective when US President Donald Trump launched a scathing attack on bitcoin and crypto earlier this month, registering in the projects of the Facebook's balance, but the bitcoin rally for a year has been halted by the global opposition to Libra.
Now, US Treasury Secretary Steven Mnuchin has warned that bitcoin will no longer be widely used in ten years, while the Internal Revenue Service (IRS) is cracking down on cryptocurrency holders that it says have not paid their taxes.
US President Donald Trump has sowed consternation in the bitcoin and cryptocurrency industry earlier this month when he tweeted his opposition to bitcoin.
Getty
"I can badure you that I personally will not be charged with bitcoin in 10 years," said Mnuchin, who said this month that bitcoin and cryptocurrencies are a "national security issue". CNBC this week.
At a press conference a few weeks ago, Mnuchin said that he believed bitcoin and cEgyptian currencies have been "exploited to support billions of dollars of illegal activities such as cybercrime, tax evasion, extortion, ransomware, illegal drugs and illegal trafficking." 39, "human beings", echoing the comments made by Trump a few days ago.
His latest comments suggest that the Trump administration could prepare for, or even try to ban, bitcoin and crypto-currencies, as was attempted in Russia, China and Indonesia.
"I'll bet that even in five to six years, I will not even talk about bitcoin as a treasury secretary," Mnuchin added.
Meanwhile, the IRS began this week to send letters to some 10,000 US citizens who own bitcoins or other cryptocurrencies that it says would not have paid the appropriate taxes.
The price of bitcoin has soared this year, but it has reached a plateau after world regulators have embarked on crypto badysis.
Coindesk
"The IRS is stepping up its virtual currency efforts, including the increased use of data badysis," said IRS Commissioner Chuck Rettig in a statement. . "Our goal is to enforce the law and help taxpayers fully understand and respect their obligations. "
The IRS reportedly received the names of Bitcoin and the Coinbase cryptocurrency exchange in the United States, all of which bought, sold, sent or received a digital value of $ 20,000 or more between 2013 and 2015.
The latest measures taken by the Trump administration to crack down on the bitcoin and cryptocurrency sector come after the BTVK accounting firm warned that bitcoin and wild west crypto may soon take hold In the end, global regulators are getting closer to bitcoin and cryptocurrency trading as a result of the spotlight brought by Facebook's Balance project.
