Replying to Avatar Keel

As I understand, today the taxman treats bitcoin as another asset like a stock. You bought some, you sold some and you pay a capital gains tax.

It’s not fully clear for me how the taxman treats when you sent your bitcoin to another person. I think they may (or already) treat it as a sale, then you are liable to pay the capital gain tax.

To summarize, the less the gov knows about you bitcoin , the better.
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Keel 2y ago

Also, the receiving person also needs to reflect the received amount in the tax statement and also may need to pay an income tax.

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sperry 2y ago

You WILL comply!

Bitcoin goes against these principles. It's disruptive....

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sperry 2y ago

Also, wallets are not KYC, so there's still that.... You're assuming my country at that point, too.