Bitcoin vs Taxes

Bitcoin can be used to discuss taxation and it brings up quote a few interesting classroom discussions. Due to the nature of Bitcoin being censorship resistant and pseudo-anonymous, that means that if someone wants to receive Bitcoin secretly, it’s possible, and it’s not easy to discover that fact.

Bitcoin is peer-to-peer. How will modern nations prevent individuals from sending money in and out of the country against regulations?

What will this do to the global economy?

Are the consequences of breaking money laws worth the risk, and in which cases?

These questions and more offer students a new way of looking and thinking about taxation and finance largely because Bitcoin is not the norm.