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Steak'n Shake accepts bitcoin payments, experts warn consumers of tax risks
According to Decrypt, the US restaurant chain Steak'n Shake recently started accepting bitcoin as a payment method, but tax experts have warned consumers to be aware of the relevant tax risks. According to the Internal Revenue Service (IRS), cryptocurrencies are considered property rather than currency, and any purchase of goods using bitcoin is considered a taxable transaction. Lawrence Zlatkin, Vice President of Taxation at Coinbase, explains...
2025-05-24 13:43:36
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