This government of a thing never want their citizen to succeed, all they care is to take from where they didn't not contribute and enrich them self , crypto is known for volatility and every one knows it can turn red , will the government share in the lost too if they require tax from profit , am sure definitely NO is the answer why can they just let people be and let decentralized rules.
Topic: G20 wants crypto Taxation? - page 2. (Read 291 times)
legendary
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It's possible, with the rate in which centralized system are dominating the cryptospace both taxation and regulation by government bodies can occur. Let's take binance and coinbase as example, if the government wants to tax every withdraw/deposit they can also they're already on few regulations. The taxation/Regulation can't be done if bitcoin major allies remains decentralized but they're all getting centralized so a future possibility of regulations/taxation is possible.
It is bound to happen, IMO knowing that there are tons of money flowing inside the crypto space everyday. They don't want the money to be restricted and confined into an asset alone; they need to have some share of the pie, too. Also knowing that bitcoin and crypto can be converted into fiat, they feel the need to look over and regulate the space, so as to ensure that the citizens will be 'safe' on the cryptospace.
What i like about crypto is mainly because of no taxes and now this? Not only taxation but also regulation.
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