Axios Crypto First Edition Newsletter

Gunnar Larson g at xny.io
Mon Apr 4 09:14:49 PDT 2022 

On this day in history, Axios publishes its first digital assests
newsletter.

---------- Forwarded message ---------
From: Axios Crypto <crypto at axios.com>
Date: Mon, Apr 4, 2022, 12:00 PM
Subject: 👋 Let's get started
To: <g at xny.io>


Plus: Crypto forever | Monday, April 04, 2022

[image: Axios]
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuYXhpb3MuY29tP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zY3J5cHRvY3VycmVuY3kmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18B2926df96>
<https://link.axios.com/click/27251862.11835/aHR0cDovL3d3dy5heGlvcy5jb20_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18Bf5ac9ce1>
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in app
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in browser
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Presented By Coinbase

Axios Crypto
By Brady Dale ¡Apr 04, 2022

*Welcome* to the first edition of this newsletter! We hope to have a daily
conversation with people who invest in, or want to build their
understanding of, an asset class that could change everything.

   - I'm Brady Dale
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly90d2l0dGVyLmNvbS9CcmFkeURhbGU_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B9337182b>.
   I've been covering crypto full-time since 2017 and dabbling in it since
   2015 when I learned about a musician who wanted
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly9vYnNlcnZlci5jb20vMjAxNS8wOS9ibG9jay1jaGFpbi1wb3dlcmVkLXVzZWQtZGlnaXRhbC1tdXNpYy1zdG9yZXMtd291bGQtcHJvZml0LW11c2ljaWFucy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B008e6375>
   to track music rights on the blockchain.
   - Send all your questions and ideas to crypto at axios.com.

*Today's newsletter, edited by Pete Gannon, is 1,094 words and a 4-minute
read.*


1 big thing: Crypto forever

Illustration: Annelise Capossela/Axios


*Cryptocurrency is here to stay, *and it is time to get serious about
unpacking it.

*Why it matters:* It may not be ingrained in daily life, ubiquitous in the
financial ecosystem, or an essential piece of the average American's
investment portfolio. But it is on track to eventually become all three
with other countries picking it up faster.

*Quick take:* Crypto's current stage is a lot like internet stocks were in
the '90s. At that time, the Web was new and many looked at it with
skepticism as well.

*The big picture: *Bitcoin's value, alongside that of the entire crypto
market, just keeps going up, and market value in the cryptocurrency asset
class is a gauge of interest, demand and adoption.

   - By at least one measure
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuY29pbmdlY2tvLmNvbS9lbi9nbG9iYWxfY2hhcnRzP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zY3J5cHRvY3VycmVuY3kmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18B0975cf61>,
   cryptocurrencies as an asset class are collectively worth over $2 trillion.
   - That said, for investors, this is still early days. Institutional
   traders are just now slipping in
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuYXhpb3MuY29tL2JpZy1iYW5rcy13YWxsLXN0cmVldC1jcnlwdG9jdXJyZW5jaWVzLWF0dGVudGlvbi1mYjVmZWNmMC1lZDIxLTRlZjgtODY5Mi05ZWViODM2MjJjYTEuaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18B1a1bab3c>
   through the back door.
   - Other asset classes are still vastly bigger and less erratic (the
   stock market in *just* France or *just* India, is bigger
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cubGl2ZW1pbnQuY29tL21hcmtldC9zdG9jay1tYXJrZXQtbmV3cy9pbmRpYW4tc3RvY2stbWFya2V0LW92ZXJ0YWtlcy1mcmFuY2UtYmVjb21lcy1zaXh0aC1iaWdnZXN0LTExNjMxNzMwMzc1NjA3Lmh0bWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18Bba9df300>
   ).

*State of play: *Here are the big themes we'll be covering as the
groundwork is laid for years to come:

   - *Regulation. *For a long time, people feared crypto might get banned.
   Instead, places like India and the United States are moving to tax it
   heavily. Regulatory watchdogs are also considering treating basically all
   crypto assets as securities, which could shut a lot of people out and limit
   utility.
   - *Institutional adoption. *Far bigger, older money types have bought
   bitcoin and other cryptocurrencies than have acknowledged it. This drives
   up value for rank and file buyers, but it can also accentuate volatility
   when these big accounts suddenly decide to shed risk.
   - *Stablecoins. *Crypto wants your mind. It wants people to look at a
   car and think, "That's worth 5,000 cryptobucks" rather than "$20,000."
   Stablecoins pegged to government currency are the beachhead for this mental
   invasion. Governments would prefer to retain their monopoly on how we value
   goods and services, though.
   - *Robots on the internet.* Much of what consumers do with a bank now
   can be done with autonomous software that runs online without people.
   Mostly, this software has a hard time interacting with the analog world,
   but — when that changes — at a minimum they could compete with banks in
   old-fashioned finance.
   - *Video games. *This booming industry
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuYXhpb3MuY29tL3ZpZGVvLWdhbWluZy1ncm93dGgtc29hcnMtdGhhbmtzLXRvLXBhbmRlbWljLWNmYzE5N2JiLWIxOGEtNDMzYS04ZDExLTA2OTRjMDc1ZTU4OS5odG1sP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zY3J5cHRvY3VycmVuY3kmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18B258f3b18>
   relies on network effects: that is, gamers having others to play with.
   Crypto is making headway with rewarding players
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuY29pbmRlc2suY29tL2xlYXJuL2hvdy10by1waWNrLXRoZS1yaWdodC1wbGF5LXRvLWVhcm4tZ2FtZS1mb3IteW91Lz91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18B9a5a3938>
   with digital stuff that has monetary value, and it's the beginning of an
   economy that doesn't need the real world.

*The bottom line: *You may not understand how crypto works, but you also
don't understand how your email works, right? Don't worry about the
mechanics. Worry about what's happening.
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<?subject=From+Axios:+1+big+thing:+Crypto+forever+&body=g%40xny.io%20has%20shared%20an%20Axios%20story%20with%20you%3A%0A%0A1+big+thing:+Crypto+forever+%0Ahttps%3A%2F%2Fwww.axios.com%2Fnewsletters%2Faxios-crypto-494a6ab4-42f1-414c-8a6b-35e1948b4dcd.html%3Fchunk%3D0%26utm_term%3Demshare#story0>


2. Indonesia and Brazil love crypto

Data: Gemini; Chart: Jacque Schrag/Axios

*The U.S. is tied for 10th place*, with India, in terms of how many of its
people say they own crypto.

*Why it matters:* Crypto proponents have long argued that places with weak
financial systems would benefit most from blockchain technology. While
uptake outside the developed world has been slow, new data from the crypto
exchange Gemini suggests that might be changing.

*Driving the news:* Gemini
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuZ2VtaW5pLmNvbS8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B5e7f451e>
released its Global State of Crypto
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuZ2VtaW5pLmNvbS9zdGF0ZS1vZi1jcnlwdG8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18Bb89bd66e>
report for 2022 today, based on data collected on its behalf by Data Driven
Consulting Group
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuZGF0YWRyaXZlbmNvbnN1bHRpbmdncm91cC5jb20vP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zY3J5cHRvY3VycmVuY3kmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18Be3037f3c>.


   - The report called 2021 crypto's "breakout year."
   - "Forty-one percent of crypto owners surveyed globally purchased crypto
   for the first time in 2021," it says.

*Bottom line: *The bug is spreading.
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3. Biden found $11 billion
[image: Illustration of Joe Biden holding a giant dollar sign.]

Illustration: AĂŻda Amer/Axios


*President Biden wants to go after crypto wealth* as a way to help close
the budget gap, figuring Uncle Sam could net $11 billion in new income
through 2032 by modernizing accounting rules around the asset class,
according to his budget proposal released March 28.

*Why it matters:* Giving crypto investors access to some of the same
flexibility investors in older asset classes enjoy could signal the
administration is inching toward welcoming blockchain firms into the
mainstream financial system.

*Details:* The administration would raise revenue on crypto "primarily by
adding these types of assets to the scope of existing reporting
requirements," according to Ernst & Young's Tax News Update
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly90YXhuZXdzLmV5LmNvbS9uZXdzLzIwMjItOTAwMy1maXJzdC1pbXByZXNzaW9ucy1wcmVzaWRlbnQtYmlkZW4tcmVsZWFzZXMtZnkyMDIzLWJ1ZGdldD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18B096f27ab>
.

   - One key change is shifting taxation of crypto to a mark-to-market
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly90YXhmb3VuZGF0aW9uLm9yZy9tYXJrLXRvLW1hcmtldC10YXhhdGlvbi1vZi1jYXBpdGFsLWdhaW5zLz91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18B13e3d11a>
   system, which means that when the value of the underlying asset goes up, it
   is treated as actual income.
   - This option can work advantageously for traders, Shehan Chandrasekera,
   Cointracker's head of tax strategy, tells Axios.
   - Not all digital assets will qualify for the treatment, only those
   determined to have adequate trading activity, as CoinDesk notes
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuY29pbmRlc2suY29tL3BvbGljeS8yMDIyLzAzLzI4L2JpZGVuLWJ1ZGdldC1wcm9wb3NhbC1lc3RpbWF0ZXMtYWRkaXRpb25hbC0xMWItaW4tcmV2ZW51ZXMtYnktMjAzMi1ieS11cGRhdGluZy1jcnlwdG8tcnVsZXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zY3J5cHRvY3VycmVuY3kmc3RyZWFtPWJ1c2luZXNz/62155aad577a4801a449ec18Ba0768199>
   .
   - The proposed rules also target offshore tax evasion by imposing
   cross-reporting agreements with foreign financial jurisdictions on crypto
   holdings much like those already in place for traditional investment assets.

*Context:* Currently
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly9jb2lucGVkaWEub3JnL2d1ZXN0LXBvc3QvaG93LWRvLWNyeXB0by10YXhlcy13b3JrLz91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18B4bd2b6c9>,
crypto investors are limited to using capital gains taxes, which only
allows them to claim $3,000 in losses, Chandrasekera explained.

*Yes, but:* It's only a budget proposal
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly9ob21lLnRyZWFzdXJ5Lmdvdi9zeXN0ZW0vZmlsZXMvMTMxL0dlbmVyYWwtRXhwbGFuYXRpb25zLUZZMjAyMy5wZGY_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B17ca96b0>,
and these things get mangled in the legislative process.

   - It remains to be seen whether the administration sees crypto as a cash
   cow or a driver of domestic competitiveness.

*What we're watching:* Elsewhere in Congress, lawmakers have come together
to make crypto taxation less stressful by exempting small transactions
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuY29pbmNlbnRlci5vcmcvY29uZ3Jlc3MtdGFrZXMtYS1zdGVwLXRvd2FyZC1hLWRlLW1pbmltaXMtZXhlbXB0aW9uLWZvci1ldmVyeWRheS1jcnlwdG9jdXJyZW5jeS10cmFuc2FjdGlvbnMtMjAyMi8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18Be262f7f5>,
as the IRS already does with foreign currency.

*Stepping back:* Last year, the digital asset industry fought bitterly
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyMS8wOC8xMS9jcnlwdG8tbGF3bWFrZXJzLWZvdWdodC1vdmVyLXRoZS1pbmZyYXN0cnVjdHVyZS1iaWxsLWhlcmVzLXdoYXRzLW5leHQuaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18B8287c9c8>
with Congress over similar issues, as it considered broad new language as
part of the infrastructure bill, and lost.

*Bottom line:* No one said joining the mainstream financial system would be
free.
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A message from Coinbase
Your personalized guide to crypto taxes



This tax season, Coinbase introduced a tax center so customers can
understand and file their taxes more easily.

*How it works:* Customers can see all of their taxable crypto activity in
one place to determine if they owe taxes, and how much.

Get started.
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly9ibG9nLmNvaW5iYXNlLmNvbS9jb2luYmFzZS1pcy1ub3cteW91ci1wZXJzb25hbGl6ZWQtZ3VpZGUtdG8tY3J5cHRvLXRheGVzLWVmMDBhYmRkN2FmNz9heGlvc19hZGxpbms9MSZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18B59b97629>


4. Catch up quick

😰 *Bitmex, an exchange*, laid off 75 of its roughly 300 staff after an
acquisition of the German bank Bankhaus von der Heydt fell through. (The
Block
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cudGhlYmxvY2tjcnlwdG8uY29tL3Bvc3QvMTQwNDEyL2JpdG1leC1sYXlzLW9mZi03NS1lbXBsb3llZXMtYWZ0ZXItYmFuay1hY3F1aXNpdGlvbi1jb2xsYXBzZXM_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18Bd0ec258f>
)

👹 *The* *SEC is proposing *new rules around the risk of hacking for
exchanges. (Yahoo Finance
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9uZXdzL3NlYy1jcnlwdG8tcnVsZXMtaGFja3MtMTcyODA1ODE3Lmh0bWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B56d36b01>
)

⚔️ *Billionaires Jack Dorsey* and Marc Andreessen stand in for the two
sides of a large debate: a future of many blockchains or one where bitcoin
rules over them all. (The Information
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cudGhlaW5mb3JtYXRpb24uY29tL2FydGljbGVzL2phY2stZG9yc2V5LW1hcmMtYW5kcmVlc3Nlbi1hbmQtdGhlLW1ha2luZ3Mtb2YtYS1jcnlwdG8taG9seS13YXI_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B5a1d3c74>
)
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5. Culture hash: Buyer beware
[image: Tweet about a phishing scam based on Trezor's stolen email list.]

Tweet from @aantonop
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly90d2l0dGVyLmNvbS9hYW50b25vcC9zdGF0dXMvMTUxMDg5OTk1MTQ5NjMxODk4MD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18Ba4232d55>
.


*Crypto evangelist Andreas Antonopoulos* posted on his Patreon blog
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly93d3cucGF0cmVvbi5jb20vcG9zdHMvNjQ2OTU4NjM_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B7ad385b2>
about a phishing email he received, purportedly coming from the maker of
the hardware wallet Trezor. It was a good instinct.

   - Trezor makes devices that some of the most security-conscious crypto
   investors use to store their digital assets.
   - Yesterday, it announced that
   <https://link.axios.com/click/27251862.11835/aHR0cHM6Ly90d2l0dGVyLmNvbS9UcmV6b3Ivc3RhdHVzLzE1MTA1NTg3NzE5NDQzMzMzMTI_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NjcnlwdG9jdXJyZW5jeSZzdHJlYW09YnVzaW5lc3M/62155aad577a4801a449ec18B1226c968>
   its email list held by Mailchimp had been compromised. The attacker was
   attempting to take advantage of list members.

*Bottom line: *Attempts to trick crypto holders into giving away the keys
to their wealth are just part of the background noise of the space, but new
arrivals are well-advised to learn to recognize the red flags.
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A message from Coinbase
A tax solution for crypto customers



Paying taxes as a crypto holder shouldn’t be complicated. That’s why
Coinbase created a solution to make filing easier.

*Here’s how:* Coinbase is simplifying the process by showing customers a
personalized summary of their taxable activity.

Learn more.
<https://link.axios.com/click/27251862.11835/aHR0cHM6Ly9ibG9nLmNvaW5iYXNlLmNvbS9jb2luYmFzZS1pcy1ub3cteW91ci1wZXJzb25hbGl6ZWQtZ3VpZGUtdG8tY3J5cHRvLXRheGVzLWVmMDBhYmRkN2FmNz9heGlvc19hZGxpbms9MSZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2NyeXB0b2N1cnJlbmN5JnN0cmVhbT1idXNpbmVzcw/62155aad577a4801a449ec18C59b97629>


Thanks for being here for the very first edition of the Axios Crypto
newsletter. Come back tomorrow — we can promise some genuine gold nuggets.
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