True or False

Cryptocurrencies operate independently of a central bank and use cryptography for security. *

True

False

The Financial Crimes Enforcement Network (FinCEN) considers cryptocurrencies to be legal tender in the United States. *

True

False

Profits made from the sale of cryptocurrencies are subject to capital gains tax in the U.S. because the IRS classifies them as property. *

True

False

Micro Learning - Crypto