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Ignoring in the sense that Paypal thinks its worth their time to facilitate consumer transactions based on bitcoin. As the bloomberg article states, if I have
by rcraft 12y ago
Ignoring in the sense that Paypal thinks its worth their time to facilitate consumer transactions based on bitcoin.
As the bloomberg article states, if I have to factor in my my capital gains tax liability with each purchase of an ebook or mp3, then that is a royal pain and would lessen my desire to use bitcoin for everyday purchases.
It seems to me that perhaps Paypal just see's the IRS guidelines as a non-factor for consumers who will largely just ignore the guidance similar to how consumers are technically supposed to pay state sales tax on online purchases.