The U.S. government has no authority over other countries, but who knows maybe next they'll be invading China for their Bitcoin reserves once there's no more oil to plunder. If you don't live in the U.S. I think it's safe to ignore this post for the time being, but who knows what other countries will follow suit.
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You generally only pay tax in the country you reside or earn your profits. If you are in the US you will pay the US taxes on your profit. I will have to pay Aussie taxes on my profits.