By Patrick McCormick ( June 29, 2018, 3:03 PM EDT) -- The profile of virtual currency has expanded significantly in a brief period, growing from a niche currency alternative to a burgeoning global option for economic activities. Today, it is virtually (no pun intended) impossible to avoid some level of awareness of cryptocurrency, at least on a conceptual level. It appears increasingly likely that, rather than being a technological-centered fad or bubble, cryptocurrency in some form has a long-term place in the worldwide economic landscape. Cryptocurrency has been a source of significant consternation in the tax arena ­­— specifically as to how transactions are treated from both an income tax and information reporting perspective....