Showing posts with label Why Bitcoin Splits Are Both a Cash Windfall and a Tax Nightmare. Show all posts
Showing posts with label Why Bitcoin Splits Are Both a Cash Windfall and a Tax Nightmare. Show all posts

Saturday, November 18, 2017

Why Bitcoin Splits Are Both a Cash Windfall and a Tax Nightmare

November 18, 2017 Why Bitcoin Splits Are Both a Cash Windfall and a Tax Nightmare , 0 Comments


By Fortune, Nov. 16, 2017 

Bitcoin owners received a surprise this August when a parallel version of the currency, known as Bitcoin Cash, was distributed to every existing bitcoin owner on a one-to-one basis.

The new currency soon traded for hundreds of dollars, and during a bout of speculative mania this weekend, one unit of Bitcoin Cash was briefly worth as much as $2,500—not as much as the original, but still a tidy chunk of digital change.

Read More: http://fortune.com/

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