A taxable event is whenever you trade Bitcoin for anything (bartering) or sell Bitcoin for currency (dollars, euros, etc.). Bitcoin is an asset.Your listing will be instantly visible to traders from the Wayne, New Jersey, USA - United States. To conduct virtual currency business activity in New York State, entities can either apply for a BitLicense or for a charter under the New York Banking Law. CoinFlip offers the easiest and fastest way to buy bitcoin and other cryptocurrencies with cash. Just select the coin you want, verify your phone number. Wayne proved to be an extreme value add in contributing to Koinify's positioning, user experience, analytics, and overall business strategy. Crypto assets—also known as digital assets—are assets that are issued or transferred using distributed ledger or blockchain technology.