The IRS has recently partnered with Chainalysis, a startup that offers a powerful toolset that provides the agency with the ability to track, visualize, and analyze Bitcoin transactions in an attempt to unmask Bitcoin investors and dip their fingers into the proverbial crypto pie.

This article was released a while ago. I remember a cautionary statement sent out by many of the cryptocurrency influencers like Andreas Antonopoulos, Charlie Lee, Erik Voorhees on Twitter to remove Bitcoin off exchanges. IRS is fully tracking our cryptocurrency transactions now. But, it’s not necessarily a bad thing. And there are many ways to minimize the damage.

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