There are several DApps either already out or in development that will allow for the use of Bitcoin for Defi. If you are in the US there really is no clear guidance from the IRS if a wrapped coin is a taxable event.
Out of curiosity I'm wondering how the community here views this kind of swap. Do you see swapping BTC for wBTC on the Ethereum network or rBTC on the layer 2 Bitcoin blockchain as a taxable event?
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