Creating a thread to discuss governance, laws, and potential implications for incognito.
I made a joke about the IRS requesting a crypto 1099, but apparently I’m so far behind that this wasn’t a joke.
Since this is going on and it’s an evolving industry, I though we could post what could this mean for incognito?
Are there concerns that due to the privacy nature of this platform that the IRS or other gov agencies will develop laws around crypto tracking?
As of now once shielded, does this mean any profits or crypto made on incognito are still hidden until the crypto is sent out of the incognito wallet?
- I.e. no one knows if you if you have pUSDC or PRV, so they can’t tell if you’ve made profits or not?
Has anyone here planned on filing a 1099 on crypto that’s in incognito right now for 2020 or crypto on other platforms for that matter?
If this thread is already going on somewhere else apologies please delete or route to the current discussion