Consumers should plan to track their cryptocurrency income and losses for their tax returns. "You don't necessarily have to create a 1099, but you've got to create something that's equivalent to that," says Santa. "If you can't substantiate transactions, you're going to lose eos cryptocurrency price if it comes to the IRS auditing you." In 2019, a unit of JPMorgan called Onyx introduced JPM Coin, a digital currency backed by the dollar that ran on Quorum, an internal technology that mimicked the structure of blockchain. But the bank controlled Quorum, unlike Bitcoin’s blockchain, which is decentralized. It recently spun off Quorum to a software start-up. Do keep one thing in mind- after you have linked your bank account to your wallet, you will be directed to the confirmation screen; along with that, you will also be sent an email notification.