Quote:
Originally Posted by Zoren 370
Government is also watching people invest or laundering money with bitcoin, they want a whole chunk of the money too for tax.
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That's one thing I've noticed as I see people get swept up in the crypo scene, be it bitcoin, ethereum, litecoin, etc. Many of the people getting into it during the hype phase we're in right now don't even think about paying taxes and when someone reminds them they should report it come tax season, they dismiss it.
You want the government to to come down on currencies? Not pay taxes on your earnings is probably that fastest way to get that to happen.
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