Cryptocurrency is digital currency, or a “digital representation of value,” as the IRS puts it. You can’t see it, hold it in your hand, or put it in your wallet. It’s been in use for over a decade and has grown in popularity over the last few years. Instead of using a bank to create, transfer, and exchange funds, cryptocurrency employs a distributed, encrypted blockchain network to process transactions. No bank or government authority controls it as they do with traditional currencies. So, if you have used cryptocurrency this year, what are the implications for when you file your taxes?