The fact that politicians think they can simply tax unrealised #Bitcoin profits shows that they have no idea about the essence of Bitcoin at all.
Bloody bastards, I lost my #Bitcoin in a boating accident a long time ago.
Discussion
Those boating accidents get you every time lol.
Bloody boats... So dangerous.
Me too, damn misery, and yet these bloody vultures still hovering
Probably the vast majority of hodlers have bought their corn from a KYC exchange that already report transactions to government entities for capital gains tax purposes, if you sell corn.
What if those same reports are used to determine whether somebody has bought but not yet sold, and if so, is liable for this “unrealized gains” tax?
In that case, a boating accident wouldn’t be proof of non-ownership. You would need to have a sales receipt or something like that. Just speculating here.
I haven’t yet seen any specifics for the plans that France or Denmark (?) have made in terms of how they determine who to tax or not.