Are you going with the current market trends, or are you unaware of the cryptocurrency surfacing the financial pool? Well, cryptocurrency is a digital currency or, as the IRS quotes, “A Digital Representation of Value.” The cryptocurrency has been in existence for over a decade now, but the audience is getting familiar with it now. Cryptocurrency got popular amongst citizens in the past few years and is now changing the financial culture all over. The Working of Cryptocurrency Tax: Someone who owns cryptocurrency in any amount is known to have a capital asset eligible for capital gains tax. For better or worse, having cryptocurrency on your name means you are liable to pay taxes on every profit gained from the crypto. Just like traditional forms of investment like funds, and stocks, cryptocurrency also is eligible for the standard tax pay on the profit. Added to the notion, the tax payable on the cryptocurrency depends on the time it is kept for. If you have kept the cryptocurrency fo