Commentary: It’s a miracle most Americans pay their taxes. Crypto could upend that norm
One of the many questions raised by cryptocurrency is how to tax this new world of digital assets. It poses real tax evasion concerns.
Crypto was explicitly developed to allow people to transfer currency to one another directly, circumventing the oversight of financial institutions. The Internal Revenue Service relies on information shared by these financial institutions to ensure tax compliance — a system cryptocurrency defies. The crypto space has well-documented anarchist roots, and it has largely
