If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
In my country, there are now many people who prefer to use digital money for them to easily buy goods and services. Actually there are many businesses and even the market who fully accept cryptocurrencies. 
Topic: Crypto adoption - page 4. (Read 1388 times)
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
Real money is physical and not digital. Digital means are ways to make things faster while making transactions. That’s why you have your money in banks and you can control the money in your bank account by just making use of mobile phones and computers. So cryptocurrencies are not going to be that, cause they were not meant to replace anything. The purpose was just to create a fast means of buying and selling things online. 
now many banks adopt the blockchain technology system for easy access to their banking data
.and the government does not have to collect taxes from blockchain users but it is enough to be collected through the customer's bank, I think the people now understand their obligations as citizens to pay taxes
.and the government does not have to collect taxes from blockchain users but it is enough to be collected through the customer's bank, I think the people now understand their obligations as citizens to pay taxes
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
You know what, the governments do not run out of ways to collect taxes from the people. As a matter of fact, they have mastered it to a high level. That is where they are experts of. As to how to convert these taxes into people's services, they are very weak. Anyway, every time we purchase, they could already impose appropriate taxes. But this could only be done when the store or shop, online or not, is duly registered with the government.
If cryptos will be widely adopted and can be used as FIAT then then what is the purpose from exchanging a crypto with FIAT, that suppose that cryptocurrencies become regulated and there are no restrictions about using them.
Applying taxes is the major problem and it is the main reason why governments don't accept cryptos.
indeed there are still many countries that do not realize the original usefulness of bitcoin, the government should begin to open up and start analyzing the benefits that can be obtained from bitcoin, there are still many countries that are still worried that bitcoin will become a world currency that will destroy the value of currency each country, this is clearly the wrong idea, the conventional currency and crypto currency should be complementary and mutually supportive, because with the various facilities offered this could open up many new business opportunities, Applying taxes is the major problem and it is the main reason why governments don't accept cryptos.
How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
Even if you are not holding actual fiat anymore you are still paying taxes, how do you think businesses that accept credit/debit card payments and Paypal transfer are paying their taxes even if they are receiving money anymore? Even if these companies are accepting cryptocurrencies the government has the ability to track all the transactions done and it maybe done easier especially when blockchain is involve with cryptocurrencies. There is really no escape on paying your taxes and mass adoption would only signify that the government allowed cryptocurrencies in their country.It's true, cryptocurrencies must make some structural changes and become more attractive to everyone- serving society better, as whole. We find people, in every aspect of our life, suffering from marginalization, financial problems and even depression (though as a result of the other 2). We can deal with these problems like no government ever before and open a window not only to financial prosperity but to a socioeconomic revolution by backing projects that plan to change modern welfare, e.g hinounou or w12; aimming to get us closer to a more humane perspective of investing (thinking about our impact on tomorrow's society and not our portfolios). After all we all we are a community that aims to revolutionize every sector of today's society. Of course crypto will be adopted -eventually-!
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
We can't stop people from doing it but it is up to the people if they know what is a ponzi and scams. By doing this WE could actually stop those people from scamming more and more people in the future but due to the people that who don't have enough knowledge of a scam they were easily being targeted by the scammers.Government will find a way to tax it, don`t you worry about them, they will always try to find a way to take your money. With crypto maybe we have a choice to hide ourselves, maybe we can skip paying them more than
they deserve. Crypto adoption is ongoing, it started years ago and it will last for many years until it conquer the world, you can wish to happen faster because you have a stash of coins but it will take time, we need to be patience for that.
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
We can't stop people from doing it but it is up to the people if they know what is a ponzi and scams. By doing this WE could actually stop those people from scamming more and more people in the future but due to the people that who don't have enough knowledge of a scam they were easily being targeted by the scammers. 
With the existence of the blockchain technology system, this makes it easier for the government to see crypto holder funds or wealth, so the government requires taxes on crypto holders. It's very easy to do because it's transparent.
That's not how it was supposed to be. Being a holder doesn't mean they required to pay tax on the government. How about those saving fiat?
The tax will be applied during
a) receiving (e.g salary)
b) buying products (alongside SRP's)
c) other services.
d) for local exchangers = the rates and fees we are facing here
People can confidently hold even a large amount of crypto without afraid of being taxed. Same way when people saving large amount of fiat.
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
I think the government can do it by making an official certificate that must be passed by ICO developers etc., because most of the problems that make the problem big are the ico scam projects that will make many investors get fraud. That way the government will also receive tax from related companies and it seems that we will easily find a project that has an official certificate that will make us more confident if it is true. 
With the existence of the blockchain technology system, this makes it easier for the government to see crypto holder funds or wealth, so the government requires taxes on crypto holders. It's very easy to do because it's transparent.
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
There are many ways to collect taxes. For institutional investors, it is easy to follow the owner of the portfolio. Or the banks probably will store btc like fiat. Or maybe during buying or selling things.If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
There are many ways to collect taxes. For institutional investors, it is easy to follow the owner of the portfolio. Or the banks probably will store btc like fiat. Or maybe during buying or selling things.
Crypto adoption worldwide and every country , are the goals that bitcoin and other cryptos are on the track , so if countries and states are adopting this cryptocurrency, so this could give the comfort of every crypto holders ,to use the cryptocurrency anywhere ,any establishment around the world.
My crypto adoption thinks the best and most impressive opportunities are without a doubt, more cryptocurrency trading investment investors around the world.
Globally, there will be more turnover for the government that applies tax on crypto
in investment and government support for obtaining crypto-based investment funds, which are very positive.
Generally enough to make crypto traders, who continue to sell ownership of bitcoin and altcoin positively do not view crypto negatively.
Crypto adoption especially on the blockchain side is good but im tired with so many trash utility tokens and ICOs in this market.Globally, there will be more turnover for the government that applies tax on crypto
in investment and government support for obtaining crypto-based investment funds, which are very positive.
Generally enough to make crypto traders, who continue to sell ownership of bitcoin and altcoin positively do not view crypto negatively.
Many ICOs are scam and even if they can get some funds or they can reach their softcap, theyre still not serious with their projects.
I think ICO need to get a tight filter or regulation and also STO may will be the real investment place. This 2 things will make crypto market looks attractive again.
My crypto adoption thinks the best and most impressive opportunities are without a doubt, more cryptocurrency trading investment investors around the world.
Globally, there will be more turnover for the government that applies tax on crypto
in investment and government support for obtaining crypto-based investment funds, which are very positive.
Generally enough to make crypto traders, who continue to sell ownership of bitcoin and altcoin positively do not view crypto negatively.
Globally, there will be more turnover for the government that applies tax on crypto
in investment and government support for obtaining crypto-based investment funds, which are very positive.
Generally enough to make crypto traders, who continue to sell ownership of bitcoin and altcoin positively do not view crypto negatively.
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
They can't stop people from making pyramids and ponzis, only people can stop investing in them, but i think thats never happen 
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
people expect way too much from the government than they're capable of. Global crypto adoption is years away since there are places where people are not tech savvy and they rely on fiat for their day to day operation. They cannot stop people from making ponzi schemes but I suppose people would learn from their mistakes and correct it accordingly. no government interference needed.
I would expect some sort of debit card thing or mobile app type thing to get a lot bigger and wider in usage and allow us to spend money wherever we want to be getting a faster adoption but ETF got the first foot in the door before that happened.
It would be marvelous if we could get some sort of ETF during these low prices so that those corporations could make profit, when they profit it would be example to others to do the same and it would only help the adoption rate to go higher.
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
Uuhm… I also think that the best way the government is going to collect taxes from the people making use of Bitcoin is by getting exchanges to be under regulation so that people will be charged them or something.I might not be right about it, but anyway, it’s just my opinion. But I do trust the government, they will always find a way in everything, they might even take over it, lol. 
If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
in my opinion it's not that easy, the proof is that since Bitcoin exists, this massive adoption still cannot be realized until now. Okay, let's say that this is a long run but isn't the run so far only limited to trade and regulation? ponzi and some pyramid schemes will be difficult to eradicate. so i thinks its impossible to do, others just trying to make another new one
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