I guess a lot of people will not report and pay taxes on their Crypto gains, but there are some who would not take the risk of getting into trouble and will pay tax. There is considerable confusion about how to classify Cryptos as investments, are they securities or not, etc. My attitude is that technology will catch up and be able to eventually give Governments the power to catch people who are not paying the correct tax, but it is quite complicated with so may tranactions being done. If Cryptos bring about a fairer Monetary System, then i will be happy to pay tax.
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