No idea about Ireland, but in the U.S. the IRS treats cryptocurrency as property, subject to capital gains tax. I would guess that the IRS monitors the Bitcoin blockchain and all other distributed ledgers.
No idea about Ireland, but in the U.S. the IRS treats cryptocurrency as property, subject to capital gains tax. I would guess that the IRS monitors the Bitcoin blockchain and all other distributed ledgers.
But how do they link the information in the leger with the individual? I wonder if anyone has ever even been convictions for tax evasion on crypto currency gains