3 ms·
> You can't tax what you can't track. Most cryptocurrencies are actually quite trackable. Significantly more trackable than fiat currencies. There are notable
by lojack 9y ago
> You can't tax what you can't track.
Most cryptocurrencies are actually quite trackable. Significantly more trackable than fiat currencies. There are notable exceptions like Monero and currencies specifically meant to protect privacy, but the vast majority are quite public.
- baddox 9y agoI'd say they're only more easily tracked than cash. It doesn't get much easier to track than a bank or credit card account. And of course cash has its own problems (namely, it's difficult or even illegal to get and transport in large quantities while maintaining some anonymity).
- vasilipupkin 9y agoAt some point, you want to buy something with your money. The minute you do, tax authorities in your country can detect the discrepancy between your stated income and your lifestyle.