Can any government control bitcoin?or add taxes for btc users?
I don’t know what do you mean by the word “control”, but it implies that you are asking could government own Bitcoin or could they increase or decrease Bitcoin? This obviously is not possible. But yes, the government can affect investing in Bitcoin in its country by framing some laws that can hinder the people from investing in cryptocurrencies. And some governments have already started levying taxes on income from Bitcoin. 
Topic: Controlling Bitcoin - page 3. (Read 406 times)
Can any government control bitcoin?or add taxes for btc users?
They can add taxes its in theirs power.However they cannot control it. Bitcoin is decentralised technology.
Its basic stuff i recommend bitcoin whitepaper only 8 pages.
How can they require taxes for those you uses Bitcoin if they do not know who uses them. I bet if they are going to do that then they might give the exchanges to pay taxes for us then the exchange would get the taxes from us.
Taxation, regardless of Bitcoins being involved or not, is pretty much an honor system anyway. You can get away with under-declarations if you're confident the systems in place won't detect any wrong-doings. In this particular case, exchanges are going to be (or already are, in some countries) integrated into that system by monitoring them. That means if you use an exchange, and not declare your Bitcoin income, you could very well be charged for tax-related offenses.
If you only engage in peer-to-peer trading, you're right, they won't know you use it for the most part.
Of course, the government can set a profit tax with crypto currency. But how will this profit be tracked? Thought many countries already introduce such a tax
Bitcoin can't control the government like anyone else.
Bitcoin can't control the government like anyone else.
Governments can know the profits that users make by forcing exchanges to give the users transaction details when they are converting their cryptocurrencies to fiat.
Of course, the government can set a profit tax with crypto currency. But how will this profit be tracked? Thought many countries already introduce such a tax
Bitcoin can't control the government like anyone else.
Bitcoin can't control the government like anyone else.
They can control the taxation and the laws surrounding it, but they most certainly can't shut it off or deny anybody access by "controlling" the Bitcoin network. Taxes are in for most places that support it, although I would like to see an option to pay in BTC rather than fiat.
İt depens on what you mean by controlling.To control bitcoin you have to own it.
Other than that, governments can have lots of it if they want to but it looks like that is not happening openly.
We don't know who the whales are, or if they are working for some government really.Maybe they are already controlling it.
Other than that, governments can have lots of it if they want to but it looks like that is not happening openly.
We don't know who the whales are, or if they are working for some government really.Maybe they are already controlling it.
Can any government control bitcoin?
That depends on what you mean when you say "control bitcoin".
A government can create laws that control what the citizens are legally allowed to do.
or add taxes for btc users?
Many governments already tax bitcoin based income and/or bitcoin based sales.
Can any government control bitcoin?or add taxes for btc users?
Jump to: