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So it won’t be 1:1 redeemable? That’s pretty critical - since the US IRS requires you to report all purchases you make with a cryptocurrency in its USD equivale
by erentz 7y ago
So it won’t be 1:1 redeemable? That’s pretty critical - since the US IRS requires you to report all purchases you make with a cryptocurrency in its USD equivalent value at the time. This starts to mount very high if you are making every day purchases as presumably FB hope.
So how are Facebook going to get around this? Or are they just going to ignore this problem and leave it to users to either get flagged by the IRS or for the IRS to be forced to change its rules for FBs benefit?