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Coinbase sending out tax information emails
Posted on 3/12/18 at 9:31 pm
Posted on 3/12/18 at 9:31 pm
Coinbase , one of the larger or largest bitcoin exchanges, is sending members an email about a new feature of theirs. It is a comprehensive report of all transactions, buying and selling, that you have made on their exchange. Included in the email is a link to the IRS website with the rules regarding declaring your virtual currency.
For those in the know, does this kill coinbase? Will other exchanges react by rejecting the Feds and moving to more privacy for their users?
Edit: the comprehensive report is supposedly for the users benefit. I don't see it that way.
For those in the know, does this kill coinbase? Will other exchanges react by rejecting the Feds and moving to more privacy for their users?
Edit: the comprehensive report is supposedly for the users benefit. I don't see it that way.
This post was edited on 3/12/18 at 9:34 pm
7
Posted on 3/12/18 at 9:32 pm to Tigers0891
Taxation is theft
Posted on 3/12/18 at 9:32 pm to Dawgholio
i agree. poor people dont even use bitcoin
Posted on 3/12/18 at 9:35 pm to Tigers0891
quote:
For those in the know, does this kill coinbase?
no.
the bitcoin cash debacle didnt put a dent in them so this isnt going to do anything
Posted on 3/12/18 at 9:36 pm to Tigers0891
What do they exchange the bitcoin for? Isn’t that what hitmen and drug dealers like?
Posted on 3/12/18 at 9:42 pm to Tigers0891
Coinbase will live until there is a viable alternative.
Posted on 3/12/18 at 9:56 pm to Tigers0891
The information is already there. It just allows a user to see gains and losses without doing a manual calculation. I don't see how it hurts anything...
Posted on 3/12/18 at 10:16 pm to Tigers0891
That’s funny. Coinbase is the only one I had so much trouble importing to cointracking. What a pain in the arse. No problem with binance or bittrex.
Posted on 3/12/18 at 10:43 pm to Tigers0891
Glad i got all my btc before places started complying with these financial laws. It's not like satoshi wasn't explicitly saying frick the banks/government and their brand of regulations.
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