How to Create a Web3 Startup: A Guide for Tomorrow’s Breakout Companies

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022

T. TaulliHow to Create a Web3 Startuphttps://doi.org/10.1007/978-1-4842-8683-8_9

9. Taxes and Regulations

How to Navigate the Web3 World

Tom Taulli¹  

(1)

Monrovia, CA, USA

 

Brian Armstrong, who is the cofounder and CEO of Coinbase, has noted: “My belief is that the vast majority of people using digital currency today are not seeking to evade taxes. They are simply investors seeking returns and people interested in a nascent new technology.”¹

This seems like a reasonable assessment. Yet taxes are certainly a major consideration with the crypto world. A big issue is that there remains uncertainty – and this can make it difficult for businesses to operate.

Consider ...