I am not sure if this question was answered but I have searched but yet still no luck so maybe someone could break it down for me. As we all know Crypto is taxable income which can be up to 37% if not held for a year. Being that Incognito transactions BTC, ETH and etc are not shown on blockchain how would the government know how long we held our crypto and how much we should be taxed when withdrawing it or spending it with crypto debit cards?
Thank you in advance.