News for hackers. Stuff that matters.
Re:Coinbase lets you convert your tokens into gift cards by pjc50 on Thursday July 26, 2018 @06:18AM (#17616316)
> "Gift cards aren’t as convenient as receiving money on your bank account or a debit card. But they’re a great way to avoid telling your bank that you made money by speculating on cryptocurrencies. Many banks directly report data on their users to local tax authorities. But don’t forget that Coinbase can track all your withdrawal events and notify tax authorities too."

Sigh. Always comes down to tax evasion or illegal transactions.

Re:Coinbase lets you convert your tokens into gift cards by JumpCrisscross on Thursday July 26, 2018 @07:14AM (#17616526)
> tax evasion

Not only tax evasion. Stupid tax evasion. Tax evasion that leaves a screaming paper trail. None of this is being enforced right now. But in a downturn? Particularly if the offender has assets? Enormously stupid way to do an already stupidly-risky thing.

Re:Coinbase lets you convert your tokens into gift cards by fred_is_fred on Saturday July 28, 2018 @11:10AM (#17633478)
In the US anyway you can report someone for tax evasion and receive a portion of what they recapture. All these people will get caught eventually.