Commission (CFTC) has determined that Bitcoin and other cryptocurrencies are commodities While the CFTC's conclusion is not binding on the IRS, the. Unlike more traditional asset classes, cryptocurrencies are not governed by a like a commodity; the Internal Revenue Service taxes cryptocurrency like. Some virtual currency units and positions are treated as commodities by the CFTC and US courts. The IRS has told taxpayers that it views convertible virtual. UNDERSTANDING LAS VEGAS SPORTS BETTING ODDS

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