This section focuses on taxes, rules, and regulations regarding cryptocurrency.

FIFO Rules and Cryptocurrency

In Forex trading (foreign currency trading) there is a “first in first out” (FIFO) rule. This rule should be optional cryptocurrency.

The Basics of Cryptocurrencies And Taxes

For tax purposes, in the U.S., cryptocurrency is generally treated as property (a capital asset like stocks, bonds, and other investment properties). It is not treated as currency like the U.S. dollar.

Is Bitcoin Legal?

Bitcoin is legal in the US, but it’s legality can be fuzzy in different parts of the world.