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| Crypto.com logo | The offers that appear in this table are from partnerships from which Investopedia receives compensation. Our Brands. Cryptocurrencies such as Bitcoin serve as intermediate currencies to streamline money transfers across borders. Therefore, when a government shuts down one of these computers or all the computers within its jurisdiction, the network will continue to function because there are potentially thousands of other nodes in other countries beyond the reach of one government. Related Terms. Although cryptocurrencies are considered a form of money, the Internal Revenue Service IRS treats them as financial assets or property for tax purposes. |
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