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Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

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Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding an FSA-approved crypto exchange to its hugely popular chat app, and the NFL’s Miami Dolphins have named litecoin their “official cryptocurrency.” Still, with all its wonderful attributes, it’s puzzling to some why crypto isn’t even bigger than it already is, and the answer may lie in one buzzkill of a word: taxes.

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