Financial advice:
Business done in cryptocurrency is done solely on the internet and therefore outside of your government's jurisdiction. As long as it remains in cryptocurrency, no tax collection agency has any authority to claim taxes.
It's like doing business on Mars.
We need daily PSA's like this lest we forget and somehow think crypto transactions are somehow taxable events.
Governments would tax us on oxygen use if they could (and if we let them). Business done solely on the internet is NOT a taxable event.
Thanks for commenting!
if crypto adoption goes perfectly well without bad regulations regarding taxing crypto, then in the future everyone will do business with crypto and that might be the end of taxation
You should have started the thread with "Best Financial Advice" haha I love it. And that's the main value I look at with crypto. It ain't the price pumps but the advantage of using it
And this is what we call living your best life folks 😎