this post was submitted on 23 Apr 2022
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Cryptocurrency

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How do people use crypto for tax evasion? When it's cashed into local currency here, the government taxes that. (lemmy.ml)
submitted 2 years ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 2 years ago

If the government can't see it being cashed in then they can't tax it.

[–] [email protected] 2 points 2 years ago (1 children)

No one with a sane mind uses crypto for tax evasion imho.

[–] [email protected] 1 points 2 years ago

no one with a sane mind uses crypto for anything but buying drugs online