The power to tax is the power to destroy.
The power to tax bitcoin means there is the ability (through taxes) to make it unusable and/or unprofitable. That gives them a way to destroy bitcoin without actually out-right banning it.
The power to tax bitcoin means there is the ability (through taxes) to make it unusable and/or unprofitable. That gives them a way to destroy bitcoin without actually out-right banning it.
actually its not BTC that being taxed in the USA... Its the dollar You dont pay any taxes on crypto currencies until you sell them for USD. and then its only "IF" you made a capital gain. So you are paying taxes on your USD capital gain just like stocks on ALL cryptocurrencies.