Cryptocurrencies have been around since Bitcoin burst into existence in 2009. Yet no tax code provision or regulation still, to this day, directly addresses the taxation of cryptocurrencies. Rather, we are stuck with limited IRS guidance from 2014 and 2019, addressing an industry that is evolving in real time. Cryptocurrency is now beginning to get more widespread acceptance, increasing compliance and reporting pressures. In 2020, Paypal took a major step in making such currencies mainstream by allowing customers to buy them directly through their Paypal account. Further, the S&P and Dow Jones Indices have announced that they will launch cryptocurrency indexes in 2021. This session will discuss an overview of cryptocurrency and its current tax treatment, and how both issuers and holders are impacted.