IRS says buying Bitcoin is Tax evasion? US says miners are Banks!

Today we talk about taxes in the US dealing with bitcoin and cryptocurrency. This is not tax advice it’s not financial advice it’s not any kind of advice but this is what we’ve been hearing and reading and listening to. Please see Ivan on Tech YouTube video today on taxes. Also we read about a new bill going through the Senate which will potentially declare bitcoin miners and cryptocurrency miners as banks. I apologize for my discussed and anger with what I’m seeing going on in the regulatory world but I want to warn you guys and tell you what I’m seeing so you can prepare and be as safe as possible and get all your reporting done so you can be compliant with all these laws and regulations. Which it’s obvious to me these regulations are designed to keep the common person like you and me out of the profitable things that we can do in cryptocurrency and make us Kneel to the bigger businesses that put us at a particular lower level of being able to wheel and deal with the cryptocurrency’s.