Ethereum Merge and the hefty tax bill you could be in for

2022.09.01 17:45

Ethereum Merge and the hefty tax bill you could be in for

Ether (ETH) hodlers that don’t play their cards right following the Ethereum Merge may be in for a hefty bill come tax time, according to tax experts.

Around Sept. 15, the Ethereum blockchain is set to transition from its current proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS), aimed at improving the network’s impact on the environment.

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