In your nightly crypto news wrap-up, we bring you the top crypto stories. Binance’s CEO sees this bear market as “Normal market behavior”, The IRS launches a new initiative to punish those who avoid paying their crypto taxes, and who uses more energy? Banking, or Bitcoin?
Crypto isn’t a darkweb secret hideout where you can avoid paying taxes. The IRS recently launched a program to crackdown on people who are trying to use it to get out of their tax responsibilities. Doing things the right way will keep you out of trouble with the IRS.
What We Discuss:
0:22 Changpeng Zhao News Clip
0:42 Bear Market
1:58 Market Watch with Frankie Candles
3:05 IRS’ Crypto Tax Crackdown
4:09 Bitcoin vs. The Bank
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