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BlackRock Might Have Been a Bad Idea for Bitcoin \u0026 Crypto - Mark YuskoIn March , the IRS declared that �virtual currency,� such as Bitcoin and other cryptocurrency, will be taxed by the IRS as �property� and not currency. See. The act seeks to bring the entire industry under the federal regulatory umbrella. The act also would require the Financial Crimes Enforcement. According to a joint bill published Thursday by lawmakers from the U.S. House and Senate, provisions that would create an anti-money-laundering.