Topic: Government Furious - page 3. (Read 1773 times)
I think that with the beginning of development of technology blockade the government was very much interested in this technology and in the future they will unite into something completely new.
The tax authorities in some countries and regions have classified BTC and other cryptocurrencies as “assets” and imposed taxes on them!
In the future, the government will effectively manage and supervise the cryptocurrency, and taxation on cryptocurrency will become a normal state!
In the future, the government will effectively manage and supervise the cryptocurrency, and taxation on cryptocurrency will become a normal state!
The government are furious on bitcoin because they can not controlled the bitcoin activities , because bitcoin is decentralized type of currency, they cannot implement taxes on bitcoin ,theuy can not regulate the opetations of bitcoin ,that is why the government is so furious about this bitcoin and cryptocurrency.
It's hard to say about each country as a whole. However, the country can help and support the crypt by introducing laws to facilitate the withdrawal of funds, investing in crypt enterprises, construction, technology, there are many methods, the main desire.
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
In my opinion every country have lots of users of the bitcoin and I am sure that every country government have made indirectly rules of the tax system ( by taking consideration of the bitcoin like Cryptocurrency assets in the other tax category ) .And here I can say that the world of the cryptocurrency market is giving big contribution to the country economy to make it better because here the simple example of mine country is that they are not going to legalise but they are collecting tax from the users , that is a simple Indication that they will allow bitcoin to use with overall profit of tax system .
And I think this type of the transaction and revolution of the new new coins will continuously go one in the future because the problem of unemployment is solved by the bitcoin taking place and also people are getting in this field directly without seeing in another category to work .
Recently Germany has recognized the Bitcoin and this indicates that the Bitcoin has recognized and passed correctly from a developed country which is encouraging other countries as well. However some central banks are against but they will soon realize its need in country.
but the government also does not lose, the state is also not harmed right? keep going like this alone is enough. because if the government gives regulation to crypto, surely they will take a high tax.
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
In my own opinion, taxes are already considered as fees and because of that, there is no need to ask for tax, the only reason why government is asking for tax is that, they want to get more money from people which will directly go to their own pocket.
Ultimately, it can be affirmed by the state's supervision. This is a condition for the cryptocurrency to survive. The end result is that the country can monitor and the cryptocurrency cannot be used for illegal purposes. Then the state has no reason to stop it.
Yes it’s true that no government can earn revenue from Bitcoin transactions. I have read about Russia starting up some Bitcoin mining farm to mine Bitcoins. If governments can’t earn revenues from Bitcoin, maybe mining Bitcoin is the best move to take, cause they can be able to earn from the fees that are being paid to miners. So there is no need to be getting furious over Bitcoin or whatsoever. They should just start mining and help the Bitcoin community lol.
I see the government as greedy. There are several ways to tax citizens. Direct and indirect tax exist in every country. Owners of cryptocurrency may not pay direct tax on their cryptocurrency, but cannot avoid paying indirect tax. Again, it is a small fraction of the population that are into cryptocurrency. So the agitations by government from my standpoint is unwarranted.
Governments are now realizing the need of Bitcoin and that is why recently we have seen the act of Germany and recognized the Bitcoin for the first time ever in their history. This need is feeling to other countries as well because they are watching and observing the economies of other countries which are using Bitcoin. They also need this and soon the whole world will demand for it.Recently Germany has recognized the Bitcoin and they realized that the Bitcoin will also boost up their economy like some other country’s economies are getting better with it.
Government cannot get revenues because it is what they cannot control or dig into without the knowledge of each Bitcoin user. The only thing they can do in order for them to promote the economy since they can see that millions are being realised from Bitcoin is to appeal to people generally to help make their country grow. Don't want to believe people will be greedy enough not to help build their economy because it is for everyone's comfort.
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
In my opinion every country have lots of users of the bitcoin and I am sure that every country government have made indirectly rules of the tax system ( by taking consideration of the bitcoin like Cryptocurrency assets in the other tax category ) .And here I can say that the world of the cryptocurrency market is giving big contribution to the country economy to make it better because here the simple example of mine country is that they are not going to legalise but they are collecting tax from the users , that is a simple Indication that they will allow bitcoin to use with overall profit of tax system .
And I think this type of the transaction and revolution of the new new coins will continuously go one in the future because the problem of unemployment is solved by the bitcoin taking place and also people are getting in this field directly without seeing in another category to work .
The government of many countries have tried to bring BTC under its control and the BTC would like to get VAT from the users. But because of not taking money from BTC, the government is doing these things...
Well governments can be furious because it is losing taxes due to the technology that blockchain has implemented to solve financial problems. It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally
I am not for imposing taxes on transactions. However, if they are to ban bitcoin thoroughly, I will move along with the taxes because whether you like it or not, the government is more powerful than you and you can do nothing to it. I too hate the fact that there are taxes which is the first reason why I got into this industry in the first place. But as what you have said, we are powerless to oppose the decisions of the government
I suspect this has everything to do with the mentality of the Chinese population. I mean they are eager to look into everything new and adopt it quickly. Look what happened in Japan and then multiply that by a factor of 10. Therefore, the Chinese government rightfully fears this universal craze over cryptocurrencies. It is not like Bitcoin threatens the local economy directly
my opinion is related to government tax regulation, just simple, cypto is a very dramatic technological advancement and highly awaited by all parties of business and economy that is still a traditional, technological sophistication that scare the economy and modernization is in the crypto as the beginning of the idea, I the government just justifies the regulation because modernization is said to have said no government interference because crypto is private and privacy, the country need not worry because crypto does not disturb the country's stability in economic problems, if the country feel disturbed the existence of crypyo I think the state shall facilitate and maintain comfort in a technological manner over its safety, in accordance with its tax payments. so opinions from me, may be useful and successful for us all
if the traders who play bitcoin charged taxes it seems not good and not good because players do not always get a profit and should not be bitcoin can be controlled by the government.
The government is just furious at the fact that crypto currency particularly Bitcoin can outshine their existing systems if the technology was introduced into the country. And there are so many people who are demanding the government to lift ban from the technology and allow the masses to make use of the incredible facilities it provides plus the financial freedom it promises. Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed.
The government can only make a move to earn some amounts as tax from the crypto business if only there is a grant from these governments to accept the potentials of blockchain technology. You can't gain money from something that you despise and wanting its shutdown. I don't agree to the fact that governments want to make taxes out of crypto. That will centralize the blockchain tech.
The government has no reason to be furious because bitcoin is changing lives and it is the way to go now.It is only interested in the taxes it will get without looking at the realities
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