Post
Topic
Board Bitcoin Discussion
Re: Bitcoin on a company balance sheet. Bad idea?
by
hyudien
on 18/07/2025, 20:01:37 UTC
The concept "not your keys, not your crypto" does not apply in my opinion when you hold the keys but the government knows about all transactions and can even tax you just for owning something. It's not your digital property if they are free to tax you for the amount they want.

Would you register all your crypto assets with the IRS, or trade to stablecoins and keep them away from them?
I just think it's sad that not giving up your privacy is considered a criminal offense.
High tax rates on crypto assets are a real hassle. This makes it difficult to invest freely, unless you're a long-time crypto holder and then temporarily relocate to a state with a lower tax rate, where you can more easily liquidate your crypto assets. Unfortunately, not everyone can do this, and those whose mobility is already difficult must comply with taxes, whether they like it or not.