tom2019

Does anyone really think they’ll get that money back after all this? I mean, it’s tied to drug money.

If a country enforces Bitcoin taxes, then fine, I’ll comply. But here, I think local wallets handle taxes through transaction fees.

Your point about fees is interesting. Sure, they can eat into profits, but it’s not always a loss. If you time it right, you could still profit despite fees. Just gotta know the math behind it.

Honestly, crypto can be a lifeline for people in poverty. In Africa, for example, it’s helping economies grow. It’s tough to convince governments of its benefits when all they see are the negatives.

Poloniex said before they don’t do tax reporting. They might comply if the government asks, but that’s rare. They don’t send 1099s like Coinbase.