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Crypto Ownership Too Easy as Tax Enforcement Lags
I think it's become too easy for people to own cryptocurrency these days — acquiring and holding crypto is almost effortless. In practice, there are still essentially no taxes or meaningful tax enforcement on many crypto holdings, so people can often avoid reporting gains.
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AI Analysis
The opinion highlights a widespread perception: the barrier to entry for owning cryptocurrency has dropped significantly. User-friendly exchanges, custodial wallets, and onramps via payment apps have ...
AI Recommendation
Assume tax rules will tighten. Investors should proactively track transactions, keep detailed records of buys, sells, swaps, airdrops, and yields, and use portfolio trackers that export tax-ready repo...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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