Ethereum Trader Makes 398 Million and The Tax Man Doesn't Know Who To Call
From the pages of Zerohedge
"During Ethereum’s big rally last month, when the price of a single coin went from $220 to just shy of $400 in the span of two weeks, one trader turned $55 million of paper wealth into more than $398 million. And nobody knows who they are, or – more importantly – who to tax."
Situations like this draw attention to the lack of regulation in the crypto market and endless speculation about how that may change. I would be interested to hear more opinions on this.
You can read more here
well, in some states they have tied gold and silver to the dollar directly so gains are no longer considered "capital gains" they are considered inflation so there are no taxes collectible on this profit.
I would just like to make enough for this to be a legitimate concern! :)
me too brother me too.
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