With regards to a taxable event, does the actual conversion of crypto to fiat occur on the side of the consumer, or the merchant?
When I pay with (for example) Bitcoin using SPEDN, there is no indication on the app that I am actually converting the crypto into fiat - from what I can tell, the actual conversion takes place on the side of the merchant accepting the collateralized coins. (They scan the QR code and it takes my Bitcoin from my wallet)
No comments:
Post a Comment