Is transferring coins between personal wallets also taxable?
The US is at it again, fam. Illinois just signed the Digital Asset Tax Act, imposing taxes on all crypto transfers starting in 2027.
The worst part is that even moving funds between your own personal wallets gets hit with this—it'll be automatically deducted by the exchanges.
It's the classic case of maximizing tax collection with no escape route.
For those assets like $RE and $SYN , be careful with your moves, there could be some wild swings.
With taxes breathing down our necks like this, are we thinking of pulling everything back to cold storage under the pillow or what?
The US is at it again, fam. Illinois just signed the Digital Asset Tax Act, imposing taxes on all crypto transfers starting in 2027.
The worst part is that even moving funds between your own personal wallets gets hit with this—it'll be automatically deducted by the exchanges.
It's the classic case of maximizing tax collection with no escape route.
For those assets like $RE and $SYN , be careful with your moves, there could be some wild swings.
With taxes breathing down our necks like this, are we thinking of pulling everything back to cold storage under the pillow or what?