~snip~
I find it hard to believe any government would allow for that.
That's very likely, brokerage platforms do it, and even Steam will ask for your information if you sell 200 items a year or something close to that.
Would the government even consider that though? The more you know..
It's still fairly vague but that's essentially the regulations around dealing with the Gains or losses from holding Crypto. I'm not positive on if day trading is seen differently as income as opposed to an appreciation or depreciation of an asset. The barter thing is also true, the assumption is no different than 2 farmers trading say a tractor for a grain bin. Which I don't imagine will survive as a way to avoid capital gains into the future as further understanding and regulations roll out.
It's been shown that enough platforms will attempt to go above and beyond what governments are seeking to avoid any possible issues down the road. So if it looks like governments want to know exact profit/loss from an exchange, with add-ins like addresses used, or source of coins; they will hand it over without a second thought. It's not a terrible system as long as people are aware of it if they want to keep any of their information or activities private. It will help people in the end to follow the tax laws of their country, and not receive a nasty notice at some point down the road.
Well on where I'm at, small fishes are often targeted because the governments and law enforcement themselves protect the big fishes. So yeah, expect that more and more small-time traders would be targeted by this ruling and only a handful of big fishes in the scene.
Well they get their money one way or another, unfortunately when one side is already paying/bribing they then have time to squeeze the little guy. I guess as long as you can keep up on the legal requirements and pay taxes appropriately it should be no worry.