Re:Wikipedia RFC to stop accepting cryptocurrencies passes b...
by vmception on Wednesday April 13, 2022 @10:42AM
(#31015236)
> This is very not true. Buying and selling anything has very clear tax implications.
I was saying that crypto users willing to consider tax and more complex tax is just getting off the ground, not that the law itself ever ignored them
I think the rest of my post makes that clear
> People in A) move slightly towards the center year over year as reality catches up to them (the reality that tax always applied)
but I can see how it doesn't, especially if you are expecting a crypto tax / regulation protestor
This is very not true. Buying and selling anything has very clear tax implications. It's more that enforcement is slow, and people are willingly breaking the law because of it. Here's a good Twitter conversation explaining the situation:
https://twitter.com/patio11/status/1501707876888240131
> I think the issue is mostly that the industry’s core request is “Can we have an outright exemption from securities regulation?”, the regulators say “Absolutely not you must follow the law.”, industry follows with “How high is this on your enforcement priority list?”, “Not very.”
> And so industry complains “My my this all seems so ambiguous and look at all these similar projects which never get enforcement actions. I wish we had Regulatory Clarity (TM).”