Post
Topic
Board Legal
Re: It is now next to impossible to spend bitcoins legally if your american
by
amspir
on 27/03/2014, 15:43:59 UTC
Everything bolded.  And the fact that accepting Bitcoin now becomes more burdensome for businesses, forcing them to implement a completely new accounting mechanism just to accept Bitcoin.

Would you rather that a bank or your stock broker do that for you?   The accounting software needed is not going to be a big deal, it involves inputting all the wallet address you own that either hold funds or were used during the tax year.  Is it really a burden beyond the normal records that a business has to keep for tax purposes? (i.e. your banking account checkbook register)