Economy

White House: Bitcoin ‘being monitored’ for possible regulation

By Steven Nelson
Published November 30, 2017 9:36pm ET
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White House: Bitcoin ‘being monitored’ for possible regulation
Bitcoin fluctuates in value, and people who gain income are supposed to pay taxes. Fewer than 900 people, however, reported gains between 2013 and 2015, Bloomberg reported. (AP Photo/Rick Bowmer) | Rick Bowmer

White House press secretary Sarah Sanders said Thursday that officials are monitoring the digital currency bitcoin for possible regulation.

“I know this is something that’s being monitored by our team here,” Sanders said at the daily White House press briefing.

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Bitcoin IRS Sarah Huckabee Sanders Steven Nelson Taxes