The government of US are too naive. What gives them the right to tax a currency that is not decentralized? Also people earning coins work hard for it and they consume time and electricity. Both of which are already taxed by the government itself. I think these taxes must only be applied to investors of the cryptocurrency market.
The USA is owned by ISRAEL, since they killed JFK in 1963, the USA is citizen is a tax-cow to be taxed, and grazed.
Nobody gave Israel the right, they have the right cuz GOY are cattle to raped, robbed, and sheered, BEEN this way forever.
They created FATCA, effective since 2009, all off-shore accounts including BTC exchanges must be reported yearly, failure to report means that U owe IRS up to 300% of account balance, which means they seize all your wealth in USA, and upon return to USA they put u in prison.
If you live in USA, and they catch you ( because you have something mailed to your house from abroad ), then they can take everything you own, for failure to report the offshore accounts
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COINBASE is owned by IRS-USA, if you live in USA, u may as well just play the game by their rules, otherwise they will castrate u, and you will be caught, IRS has more agents working abroad looking for these accounts, than they have agents on USA soil, even china&russia has IRS field offices all over the country looking for USA citizens under the radar,
To escape, means you go to a 3rd world country, and bank off the grid, far from any city, my finding is that IRS field agents rarely venture more than 50 km from the home office, as say in china, they don't have armed swat teams to come with them