The state can (and does) tax cryptocurrency. Why wouldn’t they be able to? | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		umanwizard on Aug 20, 2023 \| parent \| context \| favorite \| on: Shit life syndrome The state can (and does) tax cryptocurrency. Why wouldn’t they be able to?

siwatanejo on Aug 21, 2023 [–]

You're talking about capital-gains tax generated from the appreciation of cryptocurrency (only if you sell it). There's no tax for sitting on your cryptocurrency alone.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact