In the coming weeks, Paypal is preparing to launch a digital wallet and a Cryptocurrency Hub allowing its customers to buy, hold and sell cryptocurrencies like bitcoin, ethereum, bitcoin cash, and litecoin. Beginning in early 2021, PayPal PYPL +5.5% users can also use the service to buy goods and services from 26 million merchants connected with PayPal. Although this is great news for crypto adoption, the current taxation around cryptocurrencies is not helping the cause at all. Crypto Taxes & PayPal Cryptocurreny Hub Cryptocurrencies like bitcoin are treated as property per the IRS rules. This means every time you ... (full story)