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RE: Hive Showing How Not Everything In Cryptocurrency Is Going To Be Decentralized

in LeoFinance3 years ago

Imagine Ethereum and other blockchain staking resulting in taxes. We don't have any such with Hive so the HBD interest is not yet taxable. I am glad that the Hive has the decentralization and people are not under radar of the taxman.

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Taxes is sticky. Something only sold can be taxed. Something created has no value until sold.

It depends upon the country. So far, it looks like the IRS is stuck having to adhere to the idea that new tokens/coins issued are not taxable.

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