Taxes on crypto currencies
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Bitcoin explained: How do cryptocurrencies work? - BBC NewsBitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group. It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's computer. It's an appealingly simple concept: bitcoin is digital money that allows for secure peer-to-peer transactions on the internet. Unlike services like Venmo and.