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Are you arguing that cryptocurrencies are a currency, and therefore not an asset class, or that cryptocurrencies are not a currency, because they are an asset c
by cableshaft 5y ago
Are you arguing that cryptocurrencies are a currency, and therefore not an asset class, or that cryptocurrencies are not a currency, because they are an asset class?
Because the way you worded it made it seem like the former, but your article makes it pretty clear to me that cryptocurrencies don't fit its definition for currency.
The US government has decided to treat crypto as a digital asset and not as a currency, at least, especially for the purposes of taxes.