" Yang claims to make up to 1m yuan (£116,000) a month, under the radar of the taxman, purely from trading the online cryptocurrency. "
This is not the way people should use Bitcoin and if this is going to be the goal.... you will find that Bitcoin will be banned in those countries. The
governments will not tolerate a technology, where people can avoid paying taxes. Yes, the Libertarians and Anarchist might want this, but the
average Bitcoin user just want a payment option where they control their own money and where no third party can "confiscate" their wealth.
This is not the way people should use Bitcoin and if this is going to be the goal.... you will find that Bitcoin will be banned in those countries. The
governments will not tolerate a technology, where people can avoid paying taxes. Yes, the Libertarians and Anarchist might want this, but the
average Bitcoin user just want a payment option where they control their own money and where no third party can "confiscate" their wealth.
and I think that he is doing it right,and well done!
you do not really asking for the goverments to start taxing bitcoins,do you?
also I don't think bitcoin is banned in China or it will be in the future
bitcoin is a pseudoanonymous,decentralised cryptocurrency, it is supposed to be like that
trying to control it,imposing taxes and monitoring your transactions with connection to your real life identity
will be the end of bitcoin
. 