Wait We Have To File Taxes On Bitcoin

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The IRS up to date the FAQ web page on digital currencies to underline this point, as nicely, in the answer to a question about 2020 taxes: "In case your only transactions involving digital foreign money throughout 2020 have been purchases of virtual forex with actual foreign money, you are not required to reply sure to the Type 1040 question."

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Sadly, malicious actors have tried to use the Eth2 misnomer to scam users by telling them to swap their ETH for ‘ETH2’ tokens or that they should someway migrate their ETH before the Eth2 upgrade. We hope this updated terminology will carry clarity to remove this scam vector and help make the ecosystem safer.