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You should always pay your taxes.

There is a good chance you’ll get caught if you try to evade crypto taxes, and you don’t want to be paying late fees to your government or worse. Remember, all transactions on the blockchain are on a public, immutable ledger forever. If your government ever finds out that you tried to evade taxes, then can impose penalties on you retroactively.

Additionally, many exchanges are starting to report trading history to governments either proactively or due to government subpoenas, and governments themselves are starting to get more intelligent about tracking down tax evaders. The government is actively paying attention to this problem and released an official warning to not try and evade crypto taxes. Don’t be the person who goes to jail for committing tax fraud.

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