10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

Discussion in 'Crypto Assets' started by ETJ, Jul 27, 2019.

  1. ETJ

    ETJ

  2. Overnight

    Overnight

    Whoops. Although it begs the question...If Crypto is anonymous, how is the IRS finding them?
     
    VPhantom and Nobert like this.
  3. lovethetrade

    lovethetrade Guest

    Bitcoin is not entirely anonymous, its pseudonymous because each user has a public address that can be traced back to an IP address or an exchange account.

    The governments want you to use it for money laundering or tax evasion because it's easier to trace than cash.
     
    Last edited by a moderator: Jul 27, 2019
  4. Overnight

    Overnight

    So it is not anonymous at all, flat out.
     
  5. comagnum

    comagnum

    Last edited: Jul 27, 2019
  6. lovethetrade

    lovethetrade Guest

    It's anonymous until someone has access to your IP and exchange account. The advantages of anonymity are being promoted correctly in terms of the ledger.
     
  7. Pekelo

    Pekelo

    Via banks. When they sent or received money (cash) from their broker that happened via a bank.
     
  8. destriero

    destriero

    I received my letter today.

    2019-07-27_18-12-35.png
     
  9. Overnight

    Overnight

  10. Overnight

    Overnight

    #10     Jul 27, 2019