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by vgatherps
1287 days ago
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99.999% sure the IRS is not going to accept "but it was technically USDC not USD". The main reason was that historically, crypto institutions tended to be no-questions-asked blacklisted from any real bank, so those who could get banking made stablecoins. Circle, who runs USDC, got banking access from some favorable VC connections iirc, and Tether .... who knows. |
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