Ok this is something that hits us all but when it comes to cryptocurrency there is a allot of uncertainty about how taxes will be enforced. There has been some news about different U.S. dollar amounts such as $10,000 at which taxes will be enforced or a certain amount of bitcoins traded such as 1 bitcoin at which taxes will apply. The majority of the news is based around cashing out on exchanges such as coinbase.
Based on what you have learned what do you think is the most likely scenario when it comes to cryptocurrency taxes in the U.S.?
Or comment on when do you think this will be clarified by the governing bodies?
Cryptocurrency is not working only in US so don't act as if the taxation should be implemented only in that region,this is a worldwide issue and must be tackled universally..because this is the main reason why countries around the world putting regulations towards this community because they don't know how to put taxes in every areas of profiteering here.so i think the world governments should take this seriously for the benefits of both parties