Regulators Do Not Know How To Tax An Ethereum Millionaire And Disclosure Of Wallet Adresses Coming?
Today I found an interesting on Zerohedge:
One Trader Made $200M Trading Ethereum... And Nobody Knows Who To Tax
Quote: "[...] the growing number of wealthy crypto investors is starting to infuriate regulators, who are now calling for more transparency in the cryptocurrency market. Specifically, they’re arguing that it’s time for cryptocurrency wallets to include information that might help identify users. Otherwise - they say - the continued association with criminality – cemented by the Dread Pirate Roberts’s life sentence – could start to impact the crypto-asset market which now has an aggregate valuation approaching McDonald’s Corp. "
This morning I also read, that the EU wants to uncover the wallet adresses of users due to taxation and to prevent money laundering.
This would be a nightmare, because they would have access to all your transactions...
What are your thoughts?