Is Bitcoin traceable and is it taxable?

PaBits

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I've heard some people say that Bitcoin is anonymous but others say that transactions are kind of able to be traced? How does it work? Can you have tax imposed for Bitcoin trading?
 

Jasicajames

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Bitcoin is basically a digital currency which a user can transfer from one wallet to another, initially while you add bitcoin to the wallet tax will be imposed but after that, you may transfer it to n number of people so no further tax will be implemented on it. And all these transactions of Bitcoin is untraceable other the special authorities who are handling bitcoin transaction.