IRS sends warning letters to 10,000 cryptocurrency holders

Or simply use an out of country organization for your Bitcoin transactions. China is gobbling up lots and lots of currency exchange and banking transactions, as it is, for exactly this reason, as a great example. No, the IRS is not going to be slapping a successful subpoena on a Chinese company in China ^^’. It’s far safer in many ways to have a Chinese bank account, rather than the Swiss version, these days.

Worship at the Bitcoin altar is eminently silly, yes, but so is reflexive scorn. Largely removing/hindering governmental control of currency is both problematic and promising.