Taxation

Long-time Bitcoin advocate Senator Cynthia Lummis (R-WY) has drafted a bill that allows Bitcoin enthusiasts to spend small amounts of bitcoin without incurring capital gains taxes (which is very cool), but many — including myself — feel that the spending limits in the bill are too low.

A look at the potential taxation landscape Bitcoin holders could have to deal with in 2025 with looming changes on the horizon.

Some thoughts on the difficulty of governments enforcing taxation in a world where Bitcoin is widely used in commerce.