|
|
|
|
|
|
by PretzelPirate
3190 days ago
|
|
|
Decentralized exchanges can make regulation easy. When you cash out, you have to provide the transaction on the blockchain where you purchased those coins, and at what cost basis. If the transaction was private, you have to provide the means for the government to view the private details. You can choose not to do that, and if you do, the IRS will assume the cost basis was $0. I'm have been buying crypto for years, and I'm perfectly happy with that - it gives me the option for privacy, but at a cost. |
|
|