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0 sats \ 2 replies \ @Krv 7 Feb freebie \ parent \ on: If spending btc is a "taxable event", what's the future of these websites/apps? bitcoin
Yes, Canada made KYC requirements minimal for amounts under $1000. Is that they don't want to know about those? No, of course they do. It' s that they don't have the resources to keep track all transactions that occur. Hence, I suspect most countries will more or less ignore small value transactions. Or, very selectively go after individuals. But, probably make rules such that they don't have to deal with them.