Aug 23, 2017 · 1 min read
By the very nature of what they do, tenx is not decentralized for regulatory purposes.
That means that sooner or later they will be forced to report their transactions to the IRS.
For me to be able to use a card like this in the U.S. every time I use it I have a capital gain or loss. As a practical matter I need a 1099 annual report from tenx in order to comply with my personal tax obligations.
Are they going to supply that? That is sort of important if they plan on scaling up.
Does someone have an answer to this question?