By now many of you are much familiar with the cryptocurrencies . For starters, Cryptocurrencies are digital currencies ( Wikipedia Article ), built based on the blockchain ( strong encryption) and used for transactions. Since 2009, bitcoins are widely used in several transactions . How legal are the cryptocurrencies ? Are they being used for good purposes? In one of my previous blogs, we have discussed how money can do good or evil ( Is Money Good or Evil? ) Few countries strictly ban the usage of Cryptocurrency and US impose a capital gain tax for the cryptocurrency. In the United States, the crypto exchanges (traders) are supposed to report the transactions to the IRS . Currently, the value of bitcoin is ~$8000. See the above Graph for the trend (in US Dollars). Anything new takes time for everyone to get used to it and the authorities to impose controls. The same applies to the cryptocurrencies. Currently, the controls are not strict, it is hard f
An Ant with Tons of ........
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