Bitcoin transactions are taxable in both the U.S. and Europe, regardless of whether Bitcoin is a currency or asset. Not reporting Bitcoin transactions is incom

Bitcoin transactions are taxable in both the U.S. and Europe, regardless of whether Bitcoin is a currency or asset. Not reporting Bitcoin transactions is income tax fraud. In the U.S., at least, that potentially means that the statute of limitations for when the IRS can go after you for back taxes and penalties never expires.