Bitcoin & Ethereum Cryptocurrency Millionaires Might Be Attracting Attention From Regulators
Just recently Bitcoin.com has been covering the ongoing case between the U.S. tax agency, the IRS and its dealings with the cryptocurrency exchange Coinbase. However, bitcoiners are not the only ones being observed by taxation officials as regulators are growing concerned about ethereum traders this year accumulating millions of dollars in gains in a pseudo-anonymous manner.
The IRS has Narrowed Data Request to Coinbase Users with Transactions in cryptocurrencies for $20,000 or more
ETH Trader Tells the Public He Netted Over $200 Million in Gains This Year
According to a recent report from Bloomberg, a cryptocurrency trader started bragging online that he made a cool $283 million by investing $55 million into ethereum. The pseudo-anonymous trader revealed his ETH address showing the public his 413 percent profit accumulated this year.
Parasites. The only thing they can do is regulate. Oh sorry also prohibit and make a law. The old system is dying. And they know it.
Thank you. Yes I think we are in for significant confrontations over the next year or so.