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Well, if you're compliant in the US right now, you are keeping track of the value of every coin anyway. My own experience is that not many companies are doing t
by vessenes 12y ago
Well, if you're compliant in the US right now, you are keeping track of the value of every coin anyway. My own experience is that not many companies are doing this -- at CoinLab it was a very large effort, and included head-scratching conversations with accountants as to whether or not specific identification vs FIFO/LIFO was most appropriate.
So, yes, pain in the ass, however, one that you incur whenever you spend coins if you're compliant.