“There are quite a lot of people, who don’t have tax agents, who simply don’t understand the tax implications at all,” he said.
Cryptocurrency is not taxed in the same way as interest earned on money in a bank account.
You can use cryptocurrency to pay for personal use of goods or services up to $10,000, such as for a holiday or a car.
If you don’t declare your cryptocurrency profits, you could get in trouble with the tax office.