The IRS have been monitoring and watching the blockchain since 2015. I believe they are paying more attention to the people with the most crypto's, and they will be expecting taxes when those people cash out back into fiat.
The IRS have been monitoring and watching the blockchain since 2015. I believe they are paying more attention to the people with the most crypto's, and they will be expecting taxes when those people cash out back into fiat.
That jives with the way the government classes it as an "asset." If you have real estate for example, you do not have to pay on it unless you rent it out, thus collecting fiat from the asset.