{"id":1615,"date":"2021-11-29T17:37:09","date_gmt":"2021-11-29T22:37:09","guid":{"rendered":"https:\/\/www.bowditch.com\/estateandtaxplanningblog\/?p=1615"},"modified":"2022-08-10T15:31:51","modified_gmt":"2022-08-10T19:31:51","slug":"sandra-oneill-writes-crypto-currency-update-for-banking-financial-services","status":"publish","type":"post","link":"https:\/\/www.bowditch.com\/estateandtaxplanningblog\/2021\/11\/29\/sandra-oneill-writes-crypto-currency-update-for-banking-financial-services\/","title":{"rendered":"Sandra O\u2019Neill Writes \u201cCrypto Currency Update\u201d for Banking &#038; Financial Services"},"content":{"rendered":"<p>The idea of crypto currency first developed as a method of electronic payment for transactions without the use of financial institutions or the government mint as intermediaries. Here, Sandra O\u2019Neill explains how the founder of bitcoin envisioned crypto currency:<\/p>\n<blockquote><p>Mr. Nakamoto envisioned the use of crypto currency as a method to conduct business transactions. However, the rise of crypto currency within the United States thus far has been less in the world of legitimate business transactions and more in the world of trade speculation and illegal transactions.<\/p><\/blockquote>\n<p>Today, there is an increased use of crypto currency to evade taxes. Continue reading the full article \u201c<a href=\"https:\/\/www.bowditch.com\/wp-content\/uploads\/2021\/11\/Crypto-Currency-Update.pdf\" target=\"_blank\" rel=\"noopener\">Crypto Currency Update<\/a>\u201d to learn more about how the Internal Revenue Service can effectively enforce taxation of crypto currency transactions.<\/p>\n<div class=\"single-tax-wrap\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The idea of crypto currency first developed as a method of electronic payment for transactions without the use of financial institutions or the government mint as intermediaries. Here, Sandra O&rsquo;Neill explains how the founder of bitcoin envisioned crypto currency: Mr. Nakamoto envisioned the use of crypto currency as a method&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1474,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[10],"tags":[409,408,19],"class_list":["post-1615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taxes","tag-bitcoin","tag-crypto-currency","tag-tax"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sandra O\u2019Neill Writes \u201cCrypto Currency Update\u201d for Banking &amp; Financial Services - Don\u2019t Tax Yourself<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bowditch.com\/estateandtaxplanningblog\/2021\/11\/29\/sandra-oneill-writes-crypto-currency-update-for-banking-financial-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sandra O\u2019Neill Writes \u201cCrypto Currency Update\u201d for Banking &amp; Financial Services - Don\u2019t Tax Yourself\" \/>\n<meta property=\"og:description\" content=\"The idea of crypto currency first developed as a method of electronic payment for transactions without the use of financial institutions or the government mint as intermediaries. Here, Sandra O&rsquo;Neill explains how the founder of bitcoin envisioned crypto currency: Mr. Nakamoto envisioned the use of crypto currency as a method&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bowditch.com\/estateandtaxplanningblog\/2021\/11\/29\/sandra-oneill-writes-crypto-currency-update-for-banking-financial-services\/\" \/>\n<meta property=\"og:site_name\" content=\"Don\u2019t Tax Yourself\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-29T22:37:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-10T19:31:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bowditch.com\/estateandtaxplanningblog\/wp-content\/uploads\/sites\/5\/2021\/06\/iStock-502544320-BW.png\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"418\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bowditch &amp; Dewey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bowditch &amp; 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