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Bitcoin, Ether, Bitcoin Cash, Ripple, and Litecoin are names for different types of digital currency. Tax law applies to all digital currencies that use blockchain technology. In the interest of keeping your taxes, simple tax law treats all cryptocurrencies as assets, not as currency. Cryptocurrency, which uses blockchain technology, is a digital currency that uses cryptography in order to secure transactions and control the creation of new units of the currency. Cryptocurrencies also use blockchain to verify and transfer ownership. Every transaction is recorded on the ledger. This means that you can use other people’s transactions as proof of your own activity.