cryptocurrency and tax evasion
Cryptocurrency refers to digital or virtual currencies that use cryptography for secure transactions and control the creation of additional units. Tax evasion, on the other hand, involves the illegal act of evading or intentionally avoiding paying taxes that one owes to the government. Cryptocurrency and tax evasion can be linked when individuals or businesses utilize digital currencies to conceal their income, assets, or transactions, thus evading taxes or hiding their true financial activities from tax authorities.
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