The US IRS has updated its T5 data to ensure that fiat spending to buy cryptocurrency does not need to be announced.

According to Forbes on March 3, the Cryptocurrency FAQ (Q5), updated by the United States Internal Revenue Service on March 2, 2021, ensures that the purchase of cryptocurrency in fiat is not subject to any United States tax. Services (SRI). ) Tax evasion. FAQ-Q5 only applies to cryptocurrencies purchased with fiat currency. If you are buying cryptocurrencies together with other cryptocurrencies, you must check "yes" in the 1040 questionnaire. This can also lead to tax problems.