Most crypto gamblers do not care about taxes, as they never disclose their winnings to government authorities since, unlike fiat gambling, the crypto kind introduces unique complexities when it comes to taxation. These originate from the poorly regulated nature of digital coins (which is now changing), their volatility, and their decentralized/anonymous-centric design. For many, not […]
Tag:Taxes
Are Crypto Sports Winnings Taxable?
The rise of sports betting has been called a paradigm shift in the gambling sector. Moreover, the emergence of crypto sportsbooks is taking center stage in the global landscape, as loads of countries have yet to create their online wagering laws and regulators. Crypto gambling became a thing in 2012 when the first sets of […]