The government's lack of interest in forcing us to declare our holdings in crypto assets lately is incredible.
I remember last year how the news about the measures developed to persecute those who had not yet done so was overwhelming.
Obviously, the year 2021 was a great year for all of us, all the cryptos were giving their ATH in November 2021 and many people entered the market in an act of clear FOMO.
In 2022, the government hype machine regarding crypto taxes was over the top.
We are not going to deny it, for the government, this was also the opportunity to be able to take advantage of enormous profit and that is that the income statement for the year 2022 with respect to 2021 not only revealed the name and surname of many investors in crypto that, frightened, saw that the tax pressure of the authority increased more and more on their heads, so many fell into the moral obligation to declare their assets even though they had never converted them to FIAT.
The situation in 2023 has changed, 2022 was a year of disastrous losses, and, as you can imagine, if you declare these losses in the tax return, these losses can provide you benefits since it is possible that you stop paying a large amount.
The hypocrisy of the government is such that you will not see in any media, at least in my country, any news about the obligation to declare your crypto in 2023 in relation to last year.
do you see it? no profit = no interest = no government pressure on tax
Some crypto holders believe that 2023 is a great opportunity to "regularize" their crypto assets for precisely this purpose.
You declare losses with what little they are going to take from you or, rather, they almost have to give you back...
I still think that it is really stupid to do it if you have not transferred or converted your crypto to FIAT.
Make no mistake, governments and central banks know that BITCOIN and cryptocurrencies are a great threat to their system and they know that they have to do something to defend themselves.
More and more FIAT is converted into crypto, especially BITCOIN, there will come a time when if we do it right, BITCOIN will not be compared to FIAT but will be much more used directly as a means of payment when buying or selling goods.
1 BTC = 1 BTC
Perhaps we still have a "gap" to close and that is why we use "stable crypto" in an attempt to mimic the FIAT system.
We still want to compare our crypto with USD, which is not bad but it is better to consider if what you want at the end of the day has to be measured with USD, which is going to "zero" value in the future due to its infinite supply, or, on the contrary, with BITCOIN or if you want, with HIVE.
(Source)
For their part, governments attack "stable coins" and try to sell us the use of CBDCs instead, which I see no difference in infinite physical FIAT money other than the total loss of the anonymity of our transactions and holdings in addition to a flagrant loss of freedoms that will be remembered in the economic history books of the future.
The movement is obvious, they chase the "stablecoins", destroy them, and replace them with their own shitcoins of infinite supply and extreme control.
And so, the "party" continues...but BITCOIN will remain.
@toofasteddie