I don't thiink they could expect every small #lightning transaction recorded anyway could they?
As some of it would be offchain how would you provide evidence?
I think it's probably only substantial trades that matter.
Aside from that, was it #Japan that made a special classification for #crypto, not property or currency?
Technically it’s every trade, no matter how small. In the US anyway. Small gifts are fine but if you swap or buy stuff yeah that’s classified as a #taxable event here. The problem is with all that #KYC shit any kind of crypto movement is recorded. Now will they go after the smallest stuff? Prob not. On the other hand, it could be a great excuse to have you audited.
