BitDigest July 15 · Issue #700
- Bitcoin may be boring but are altcoins really exciting the market? BTC Dominance appears to support this belief
- Japan and Thailand proceeding with respective digital currency projects
- Iran weakens stance on crypto mining and will support licensed mining farms
Happy Tax Day
While I can be critical of the overall amount of crypto adoption, one area that has shown a dramatic improvement over the past several years is the creation of tax preparation and tracking applications for digital currencies. Look no further than Lukka, CryptoTraderTax and EY’s CryptoPrep to see the great improvements in this market. If you do not appreciate these advancements, ask a friend who had to prepare tax worksheets in 2015 and 2016 to describe what those experiences were like. I still wake up in tremors thinking about those days and complain that we were charged to teach our tax accountants how to calculate returns on crypto.
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