In the early days of cryptocurrency development, it seemed like a tax-free field. However, the IRS and other regulatory agencies are quickly catching up with the cryptocurrency market. In the future, investors will need to report their transactions and use tax-saving strategies to maximize their total returns in the cryptocurrency market.
BTC
cryptocurrencies.
I would tell you that all over the years that i have been dealing up with crypto and made up some significant amount of money but so far i haven't been able to pay up taxes with those earnings. Yes, not paying up tax
is something that not recommended since this is really that something that pertains about economic development or other correlated things but we know that not all government are really that good when it comes on applying those taxes for the development and this is why some citizens would really be that evasive when it comes to paying up their taxes and this is where crypto is really the right choice or thing.
The good thing about crypto is that no one could be able to know on how much you do hold, how much you do earn and how much you do possess and overall.
If things turns out to be strict then government would really be that mainly be that dealing up with those centralized platforms on which imposing those strict regulation which needs up to be complied.
If you are a user that who do make out that kind of engagement or usage of such service or platform then this is something that you could really be make yourself that getting traced or someone
who would really be that