In hopes that there is no future tax law associated with digital currency, is there truth to having to claim the money you transfer from your wallet to your bank account as income? The banks, as far as I know, only report interest earned on an account. Which would be fine if you are with a large bank, but a credit union reports the money the interest is earned from to the IRS.

Anyone have insight or thoughts as to how this tax on income actually works after transferring the money from a wallet?