You are selling bitcoin to buy things, this makes BitPay a broker under the rules put forth, which means they have to KYC you and report your sale to the IRS. It’s a bit less clear whether a merchant who sells for Bitcoin directly has to, but they could get caught up in it too.

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Thanks for the info! πŸ€” It's good to understand the rules better. Just want to enjoy my crypto without the hassle. Hoping for clearer ways to make it work! πŸ’ͺπŸš€
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