Hi everyone
I guess those of you who are fans and traders of crypto know about this bill that will be passed from 2018, that states all trades will be taxed. In short i means that whenever you trade from one coin to another you will be taxed.
Only one aspect of this law is good and that is the pump and dumps will be less, or it might even go away completely.
I'm curious to see if this law will even be implemented at all, i mean it is hard work to track all those trades because most traders won't even have time to declare all trades they make and will come up with a plausible nr and the IRS will be happy with that.
And a year will pass and they will say that the law is BS and come up with another one that will ad a tax for internet access, assuming that 99% of people who have access to the internet will own some sort of coin by the end of 2018.
I can see what their plan is but it won't work because of Decentralized exchanges, till now not many gave a penny about DEX but now it will be more popular.
Any comments a re welcomed and correct me if i made a mistake or misunderstood.