Bitcoin is drawing the interest of tax authorities in many countries

One of the things that many people don't realize is that Bitcoin is drawing the interest of tax authorities in many, many different countries all over the world. What is quite clear is that Bitcoin trading is jumping right to the front of the queue of priority tax investigations. This is easy to note by having a look at the official web pages of assorted European tax authorities, and also at the US IRS.

What this article is hinting at is that tax authority cooperation across many different national jurisdictions is converging.

Bitcoin proponents really aren't paying enough attention to what happens when you actually try to monetize your gains.

Forget the Blockchain. Look at the final result (house, fancy new car, fancy boat, hefty bank account) instead. Because that is what the authorities will do.

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