Around The Coin cover image

Jon Lerner, Co-Founder and CEO of CoinTracker

Around The Coin

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Is There a Resistance to Paying Taxes in Cryptocurrency?

I think there's a huge excitement in crypto behind the philosophy and the idealistic improvement to the way that we operate as a species. I would imagine this is represented in the percentage of people who are actually paying taxes for crypto gains at all. It seems like it's becoming more detached from people are more detached from the actual value that they're receiving from government. There's still ambiguity in the tax code, so I think a lot of folks in the space either don't actually realize that there are tax implications of using cryptos.

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