Very interesting post @katyclark this could tie into all the conspiracy talk about fed coin crypto and that bitcoin was drummed up to make it harder to tax dodge? I am not on that bandwagon. though I do think there is still a huge war between gov currencies the banks and cryptocurancies in general
RE: Chain Analysis is working with the IRS to target BTC Purchases above $20,000 and ID Tax Cheats
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Chain Analysis is working with the IRS to target BTC Purchases above $20,000 and ID Tax Cheats
It seems as though official adoption can ring the death knell of a cryptocurrency (i.e. Ripple). Being in BTC is fine, but I posted the article because I guess there are some people who use BTC to evade detection, and for them, this would be an issue. And I was doing a beat-up on my own bandwagon, I like the idea of crypto for shopping :) crossing borders, etc. The insane rise of BTC makes it unusable for its purpose. Whatever you're buying or selling is dwarfed in value by the meteoric rise of the currency you're using to conduct the transaction. :) To me, this does not make any sense.
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