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A comment on Signal adds a payments feature with a privacy-focused cryptocurrency. Parent comment

Re:Signal adds a payments feature with a privacy-focused cry... by thaumasiotes on Tuesday April 06, 2021 @06:32PM (#26718209)
> Most countries have unfriendly tax treatment (capital gains on your coffee purchase).

That's definitely unfriendly tax treatment. Is it different from the tax treatment that applies to national currencies?

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Re:Signal adds a payments feature with a privacy-focused cry... by lmm on Tuesday April 06, 2021 @08:38PM (#26719172)
Yes. It's the same tax treatment that applies to gold bullion or barrels of oil - volatile commodities that are at least partly speculative investments rather than stable mediums of exchange.
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Re:Signal adds a payments feature with a privacy-focused cry... by thaumasiotes on Wednesday April 07, 2021 @01:55AM (#26721005)
What is the tax treatment that applies to national currencies?
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Re:Signal adds a payments feature with a privacy-focused cry... by lmm on Wednesday April 07, 2021 @05:45AM (#26722476)
Country-specific, but often you don't have to account for them up to a certain limit, and/or you can treat anything you buy in a foreign national currency as having been bought at what you originally paid for that currency.
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Re:Signal adds a payments feature with a privacy-focused cry... by doggosphere on Tuesday April 06, 2021 @06:46PM (#26718335)
Not sure in the US, but in Canada you don't need to report capital gain on foreign currencies if its under $200.
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