Post
Topic
Board Press
Re: [2018-12-02] Starbucks Accepting Bitcoin – How Could This Increase Bitcoin’s Ado
by
squatter
on 05/12/2018, 20:23:34 UTC
Don't forget to pay your capital gains on that lol. Seriously though, would buying a cup of coffee worth the paperwork.

It's not that complicated because you're not paying with Bitcoin directly. You'd sell BTC for USD on Bakkt. That's a taxable event, as with a sale on any other exchange. The cups of coffee you buy out of your USD balance aren't taxable in terms of capital gains.

Will they use a payment tool that requires kyc?

I'm assuming this is all through Bakkt, and I think Bakkt will require KYC.