A recent survey has revealed a major gap in how cryptocurrency users understand taxes, raising concerns about compliance and the future growth of the industry. The report, conducted by Coinbase in partnership with CoinTracker, shows that many investors are still confused about basic tax rules related to digital assets.
Generally, the survey shows that while interest in crypto continues to grow, understanding of tax responsibilities is still limited. Without better education and simpler systems, many users may continue to struggle with compliance. While larger crypto industry players like Riot Blockchain Inc. (NASDAQ: RIOT) may not have any issues complying with the evolving crypto tax system, individual crypto users…
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