Bitcoin Surges Higher, And The IRS Wants To Know Who’s Cashing Out: CNBC After Hours

CNBC published this video item, entitled “Bitcoin Surges Higher, And The IRS Wants To Know Who’s Cashing Out: CNBC After Hours” – below is their description.

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, we break down a potential new law that could force major Chinese companies like Alibaba to delist from U.S. stock exchanges. Plus, CNBC’s Sharon Epperson explains why anyone who tries to cash out on bitcoin’s record run in 2020 needs to let the IRS know about it.

0:00 — Intro

0:29 — Market check

1:18 — US goes after Chinese stocks

4:19 — CNBC Soundcheck

5:54 — Bitcoin and taxes

9:17 — Numbers round

CNBC YouTube Channel

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About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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