Re: Opinion The IRS Is Making Crypto Compliance Impossible
⭐ Merited by o_e_l_e_o (4)
welcome to the USA where they don't want you to be in involving in anything. they want to treat cryptocurrencies like they do trading in the stock market which is a centralized exchange 
The same happens in Europe, in fact let me quote:
Everything I've seen come out of the EU in relation to bitcoin has been just as bad/stupid/misguided/idiotic as what our government in the US spits out. This kind of mass surveillance of bitcoin will only spread if we don't fight to put a stop to it.
El Salvador doesn't have an IRS? a money hungry orginazation trying to take back as much money from people as they can while at the same time limiting their freedoms?
They have a body equivalent to the IRS but people don't pay taxes for using Bitcoin as it is legal tender, or do you have to pay taxes for using dollars, calculating on every payment you make whether it has gone up or down?
but it's hard to imagine this new thing passing because if it does, it pretty much means buy and hold is the only way to avoid becoming a tax evader.
Not really. The solution is to use software, as I said, although I suppose that the reliable one for the administration will be centralized, or that they put a tax exempt minimum for payments/transactions below a threshold, but I see it unlikely given how things are developing.