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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
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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