ok... so if i earned my money legally....( worked for it) and decided to invest few $ in bitcoin, then traded for other coins, then (ex. sell it for a lot more and made few $ then) it is legal... correct? it is considered trading.
is this also legal in state of new york?
thank you all
However, because in the literal sense it is legal afterall stock trading is also legal but technically, it might not be legal especially in a case where the law is not fully plain about crypto-currency and there is no way they can really determine your income from such trade to understand whether you are disclosing the right amount of income or not should in case you decide you want to pay tax or not or when IRS is ready to investigate your source of money.