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RE: Is US Government agaisnt Americans success in Cryptocurrencies or fear of its Dollar and Tax?

in #bitcoin7 years ago

My thoughts are this, BTC will be treated like a stock or other commodity exchange and you won't get taxed until it is converted into liquidable cash. So theoretically.....if i wanted to clean it, I would have my bitcoin, buy silver/gold off a website, have it shipped. go straight to the jewelry district and cash in. hell even the jewelry district takes BTC so just go there exchange and voila. Untraced cold hard cash.

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Hehe smart comment indeed. I agree.