What is anonymity and how does it work?

What is anonymity? Anonymity is simply privacy or the security of one’s personal data that will remain accessible to him and him only. Another product that advertises through the motto Virtual Private Networks (VPNs) are not completely anonymous as the provider can sell your data at any particular moment and price.

Are cryptocurrencies a legitimate tool for avoiding taxation?

One of the fallacies that is floating around about cryptocurrencies is that they are a legitimate tool for avoiding taxation. On a recent episode of the podcast Game of Roses, the host who goes by Bachelor Clues got into that a bit noting that if you bought a Tesla TSLA -3.5% with bitcoin there would be no tax, since no dollars were exchanged.

Why is the IRS looking at your cryptocurrency transactions?

The IRS wants to look at the records of US taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency during the years 2016 to 2020. One of the fallacies that is floating around about cryptocurrencies is that they are a legitimate tool for avoiding taxation.