Too Long; Didn't Read
Bitcoin maximalist Tim Draper predicted that cryptocurrencies would go mainstream within the next five years. New Zealand has just announced it’s now legal to pay employees in cryptocurrencies. In the US, the IRS also treats cryptocurrencies as property and has done since 2014. However, this has also become news as the tax office initiated an enforcement campaign, issuing letters to more than 10,000 people regarding their tax obligations on cryptocurrency-related activities. At the time of writing, the global cryptocurrency markets are worth around $300 billion.