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RE: It's official, cryptocurrency has at least 3 million users! But tax complications threaten to rub out all legitimate use cases

in #cryptocurrency8 years ago

Each trade is like stocks. Rewards are income.

https://steemit.com/steem/@charlieshrem/steem-token-will-be-added-to-jaxx-wallet-and-other-fiat-integrations

It's different from WoW because, as far as I know, WoW is not traded on regulated exchanges. Steem also (obviously) isn't going to get hit until after the market-cap leaders.

It's counter-intuitive but it would be better if the IRS just starting taxing BitCoin and making the rules clear. I think that the uncertainty is hurting wide cryptocurrency adoption more than taxes will.