![FILE- In this Dec. 8, 2017, file photo, coins are displayed next to a Bitcoin ATM in Hong Kong. The IRS says that cryptocurrency transactions are taxable by law. That means people who made money (or lost it) on Bitcoin trades, “mined†Ethereum or even bought a cup of coffee with digital currency face potential tax implications. Failure to report it could mean potential audits, fines and penalties. (AP Photo/Kin Cheung, File)](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UV6YT345V63J6MOB7SXN4YDHBI.jpg?smart=true&auth=2b1a6868f3025e1583c2633ac4af983ff11fdac7e226adcb6b40d28db5483092&width=400&height=225)
Lenders are pushing people to borrow against their cryptocurrencies. AP
Lenders are pushing people to borrow against their cryptocurrencies. AP
Crypto lenders push no-tax perk of leveraging Bitcoin for cash
Experts warn investors should be wary of the risks associated with digital currencies from price volatility to hacking