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RE: Multiple-Chain DApps & Cross-Chain Atomic Swaps + Taxation
Very informative, I had never thought that a dapp could operate on this basis and it makes total sense. The taxation policy in Australia is a disgrace, trading crypto to crypto is a taxable event. I really hope the situation improves.
Thanks for the post.
In Finland, a crypto to crypto trade used to be a non-event. But now our tax officials decided to ape most other countries to a disastrous effect.
I really think most governments will realise it's not practical, or when they have people claiming capital losses they will quickly change their mind lol.
You can claim capital losses but the tax man won't care under the current system. Each and every crypto gain will be taxed separately no matter what. What this will result in is that a lot of small gains will not be reported at all.