Bitcoin News Roundup for July 14, 2020

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With Tax Day fast approaching, CoinDesk’s Markets Daily covers all things IRS and crypto taxes on today’s show!

Bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different.

Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.

The U.K.’s central bank is discussing the possibility of launching a digital currency, perhaps in several years.

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

https://www.coindesk.com/bitcoin-news-roundup-for-july-14-2020

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