You can trade Bitcoin for USD, just not STEEM. But you could also buy Gold and sell that for USD if you wanted. Either way, once you have actually derived value from these bits of code, then it is taxable as income. As the value has been derived from the code, but they can not just tax you for having bits of code until some form of income is derived from it.
You can trade Bitcoin for USD, just not STEEM. But you could also buy Gold and sell that for USD if you wanted. Either way, once you have actually derived value from these bits of code, then it is taxable as income. As the value has been derived from the code, but they can not just tax you for having bits of code until some form of income is derived from it.