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RE: According to a recent report, less than 1% of all bitcoin transactions involve money laundering

in #bitcoin7 years ago

Yep. The tax issue is huge. I think having such an open international exchange program is making the tax collector sweat. How can you possibly track the trades and gains on exchanges who are housed everywhere throughout the globe? You pretty much have to rely on the tax payer's honesty, and they are unlikely to do that.

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Especially when honesty can cost you so much.
Never speak of bitcoin and the Infernal Revolting Service will never ask you any questions.
Speak of bitcoin and they will have you over a barrel and demanding to know everything and after all that they will fine you for not doing what they said (after) in the first place.

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