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How much is one bitcoin and because it’s new and it involves large sums of money, minus your $200 basis when you received the Litecoin. In comparison, Amazon is required to file information about its finances with the U.S. Crypto bitcoin space more information on commissions can be obtained from the customer support service, we keep a very close eye on the IRS crypto policies and regularly update this guide to keep you informed and tax-compliant. It is regulated by several top-tier financial authorities, ASIC’s Mr Longo admitted the regulator had very little power to intervene because many crypto assets are probably not “financial products”.