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RE: Cryptocurrency Question Wednesday:

in #cryptocurrency7 years ago (edited)

require taxes to be paid in their own coin

I hate to be the bearer of bad news; but, of course, it’s inevitable…

Legislation will eventually require the taxes on said monies be paid accordingly.

‘Sanctions’ will be placed on BTC and the likes; and, they will more than likely yield if strong-armed hard enough. An indirect example is watching Facebook owner MZ swiftly turn over data for investigation.

Of course, I would love to be wrong; but, it could mark the end of crypto.

Big players will power down so quickly and secure their funds elsewhere, it will be like the crash of ’29.

Peace.