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by Sargos 863 days ago
This would most likely be based on stablecoins (US users would use USDC/USDT etc) so no tax issues there.
1 comments

Technically, you are creating taxable events when going in and out of stables to normal USD. Its just that there usually only very minimal gain or loss in the transaction.
I don't think the IRS has taken that position and no tax professional in discussions around these issues has advocated for that. It might be something high frequency traders might keep track of but it's literally a rounding error for everyone else.