New IRS Crypto Guidance - Bad News for 10/11/19

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By Joel Comm & Travis Wright, Joel Comm, and Travis Wright. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

It’s been five years since the Internal Revenue Service has issued any guidance on the tax implications of cryptocurrency. Well, the wait is over. And we’re not sure it was worth the wait. Andreas Antonopolous says that Google’s Quantum supremacy doesn’t affect Bitcoin and Tim Cook says that Apple won’t be making a crypto like Facebook’s Libra. Speaking of Libra, Mark Zuckerberg will soon be testifying before Congress on Facebook’s new coin. And eToro has signed a deal with the UFC. It’s fight club for crypto… just don’t talk about it. Welcome to our Bad News episode #319 of The Bad Crypto Podcast.

Full Show Notes at: http://badco.in/319

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DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

Show Edited By: Aaron The Tech (http://aaronthe.tech)

475 episodes