Quote from: magneto on November 04, 2018, 09:49:57 AM

But generally, there shouldn't be much of a risk as long as you are transacting with bitcoin only, or bitcoin for goods or services without the involvement of fiat currencies. If you are trading bitcoin with fiat currencies, especially with peer to peer platforms, you may have to check up on whether or not you need a license for that.

That's the most difficult aspect, because most of the transactions happening are related to speculation against fiat, which means that most people are always on the wrong side of the fence legally. It sucks that we live in a world where this sort of extortion still happens, but it only motivates people more to stay away from centralized platforms. Everything negative can and likely will turn into something positive later on.

It wouldn't even surprise me if governments eventually will tax crypto to crypto transactions similarly to how they tax crypto to fiat transactions. If they notice that people use that as a way to avoid taxation, they'll cut through your options to still squeeze money out of your pockets. I strongly believe that we haven't seen the worst when it comes to taxation.

As governments catch up with how everything here works, they'll be more determined than ever before to make it work in their favor.