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What happens when the anonymity of bitcoin goes away and the IRS gets involved?
A lot of people I know think they are just going to skate by without paying tax on any of this money.
Anonymity is a major catalyst of bitcoin. When that goes away, which it will; what kind of effect do you see it having on the price of bitcoin and the overall crypto world in general?
Thanks
There are a number of different privacy coins that fulfill the anonymous needs of people.
I think as more institutional money comes into a space, there will be less people trying to skirt the law and will be fine with paying the minimum legal amount of taxes their accountants can figure out.
What is everyone's plan here tax wise? I read that in the US starting 2018 taxes need to be paid on the earnings of each trade.
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