Hi. I’m new to crypto and Defi and I got a very naïve question.

Transactions in crypto are untraceable by a third party. So if everyone starts using crypto, how will they pay taxes on it? How will the government know how much a person owes in taxes?

And if the answer is ‘the govt won’t know’, why would any govt. allow crypto transactions?

submitted by /u/Prestigious-Word-314
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