Sunday, January 22, 2017

C10-3 IRS and bitcoins

With the use of bitcoins, the digital currency, being on the rise this post is now discussing the irs wanting access to the bitcoin database. The irs is stating that bitcoin is being used for illegal transactions which gives them a reason to invade but the whole purpose of bitcoin is to be able to pay safely and anonymously over the internet with no invasion. I believe the irs shouldnt have access as bitcoin isnt something used only in the United States but around the world and with the IRS joining in, other countries most likely would too. The government seems to be wanting to make sure theres absolutely no way people can make transactions without getting taxed but either way people will find a way around it.


http://www.foxnews.com/politics/2016/12/15/bitcoin-user-battles-irs-in-court-over-access-to-private-data.html

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