It’s not a reason to, but it might be a motivation. Unfortunately the technology is well ahead of the law, which is the perfect storm for punishing honesty. The

It’s not a reason to, but it might be a motivation. Unfortunately the technology is well ahead of the law, which is the perfect storm for punishing honesty. The US is well ahead of the rest of the world in enforcement. But also unfortunately, this means that the costs and risks of participation in this new financial system is massively greater for US citizens. There is some international pressure for other countries to tax crypto trades instead of just fiat gains. Indonesia and Korea are considering it. France has clarified that they will not. Switzerland doesn’t tax capital gains at all. The differences between countries will unfortunately have consequences for which economies and citizens lead or get left behind - unless it’s all bollocks and national fiat with dollar reserve is the future.