Thread: Crypto isnt going to be private for very much longer - IRS to tax

Originally Posted by teejey

I wonder if switching up currencies will be able to get around it. Or monero.

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I would say temporarily, however, all money & currency has strings going to the BIS & IMF. There are a small group of people who control the banks that print money & track debt for all nations. There is a version of the "Federal Reserve" (which is not part of the Federal govt, its a privately owned bank) in almost every country on the planet, Iran is one of the few remaining without a Rothschild controlled currency, hence all the tension regarding Iran.
Prior to 9/11 there were more: Iraq, Afghanistan, Somalia, Sudan, Syria, Iran. Notice how wars broke out in those other countries? Notice how war rumors and tensions are rising re: Iran? Its coming, strictly about controlling wealth. All money will come under the control of those who currently control the majority of it, anonymous transactions for everyday folks like you and will dissappear. Any challenge to that control, like Bitcoin, will either be eliminated, or brought under control and taxed. One day, the times we live in now, even with how tracked amd controlled things are today.... will look like the wild west to the next generations!

Originally Posted by sandman3573

I got a letter a couple years back from irs. They can kiss my ass. Pretty much here in Florida if you keep your purchases under 20k you are clear. Not sure if it has changed in the last few months. Each state is different so check for your state and see what the threshold is. I saw some had to pay taxes an anything over 3k.

They passed a new policy. The noose is in place. Expect it to tighten as time goes on. I know nobody wants hear this because Bitcoin has become nice and comfy but heavy regulation is coming.