This mainstream adoption led to an increased focus on cryptocurrency regulation from lawmakers. Throughout the year, they debated framework on investor protections, taxes and more. Because of this, further regulation is likely to come.
If that's you, start by calculating your profits or losses. Although this can be difficult if you have multiple wallets and use different exchanges, as is common, it's up to you to sort everything out yourself. The Internal Revenue Service "sufficient to establish the positions taken on tax returns," according to its website.
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