That’s capital gains tax.. this is saying tax on every exchange, like say if I convert Bitcoin to Ethereum.. it would be a taxable event.
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That’s capital gains tax.. this is saying tax on every exchange, like say if I convert Bitcoin to Ethereum.. it would be a taxable event.
@lazybits correct, but how would this be enforced? Wouldn't it have to be reported by the user just like capital gains tax? Since the U.S. can't regulate exchanges outside the U.S.
I wondered that myself.