Topic: Government Furious - page 6. (Read 1780 times)
Let say tax will be implemented throughout the countries that partners of crypto will be great and shows of not being selfish by individuals who have transactions of bitcoin. For me it is a good move for self gain and countries favor.
Economies are managed by people via policies. Taxation is one of the policy instrument used by government in raising funds to run its affairs. Player of the crypto world exist in communities made possible by tax revenues, it may therefore be meaningful to thinker on how best the crypto-world could partner with the government for the overall socio-economic development. However utmost care must be taken not to infringe on the characteristical sanctity of the crypto currency technology.
In this wise therefore the idea of brainstorming for a mutually beneficial regulation should be explored.
In this wise therefore the idea of brainstorming for a mutually beneficial regulation should be explored.
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.
Today I think they are trying now to study block chain wherein they are monitoring accounts that want to avail the service of the government by creating account on a legal site, and it's the people option as well so, we can choose free from tax with out legal security or with tax and law security.
I think the government is worried about Bitcoin. It can affect the country's economy at any time. It is not just bad that economic impact can bring good direction to the country. But Bitcoin is not illegal, and it is an online technology that makes people work faster and easier.
The government is only afraid that a crypto currency such as bitcoin will not be in control for the future. So they prefer not to receive bitcoin in the country.
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?
I think government can apply tax to all bitcoin users through exchange. If the government has a coordination with the exchange it could be possible for them to put taxes on every bitcoin transaction. If it will happen the transaction fee will increase more but it is better to pay tax than our country ban bitcoin and other cryptocurrency. I hope one day government will see the good impact of crypto in our economy and to the lives of many people.
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?
I think government not affraid on bitcoin but government dont have regulation to collect taxes. Many government right now want to regulate bitcoin or crypto trade to collect taxes and i think its because bitcoin can be a threat to their economy
In addition to that, you have to pay attention to the bitcoin's position in particular country since there is a possibility that you have to pay taxes for it.
The only way countries can benefit from cryptocurrencies os to join the bandwagon them selves. By creating their own blockchain and token they will ensure to take the transaction fees in exchange of taxes to be used by the government. The only problems is that the support of the people and to ensure that the fees gain will go to their countires project.
Indeed, there is no way for government departments to levy taxes on bitcoins. I do not think this is a good thing. Perhaps moderate regulation and taxation are beneficial to the government's attitude, so that the government will more support encryption.
my opinion is the advantages and superiority of crypto, wealth or personal transaction without being influenced by regulation or local government system, so the interference of others is very mini, I think the government should protect the people with taxes that have been paid so far instead of making new regulations with the existence of crypto or bitcoin, the system is in the cypto system is very privacy and the government should appreciate it, then the government just adjust it with this system and if the government is objected should the government more mengamakan provide comfort per pengerutkan crypto, crypto system should not be feared but embracing the cause of crypto one way to overcome the saturation of traditional economic practices and new windows to open the future and technology, may be useful and successful for all of us
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?
It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.
I somehow agree with you. As of now, the only thing they can do is limit the usage of crypto or worst case scenario would be banning crypto. The regulation of crypto is what most of the people are also waiting, most specially those companies who are also interested about the blockchain technology.
Many countries have recognized BTC's legal status and revenue tax!
This is conducive to the development of digital cryptographic currency, because the government can participate in the market of digital encryption money, guide the development of the market reasonably, and avoid criminal behavior!
This is conducive to the development of digital cryptographic currency, because the government can participate in the market of digital encryption money, guide the development of the market reasonably, and avoid criminal behavior!
Legitize bitcoin legally and in accordance with state rules mutually agreed between bitcoin and the government itself. So both can benefit equally. Thus, the economy will grow in the country as well and increase.
It is extremely unhealthy for a county to accept crypto as it actively drains money from the ecosystem of the state. So it is much more efficient to ban it.
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?
as I know we will each make transactions to transfer from one address to another it will have a reduction for the transaction fee and I think it is like existing taxation. and also when I will redeem the bitcoin assets to be converted to USD, of course there will be a discounted fee. and also when I will transfer USD from exchange bitcoin to account number that I have at bank of course there will also be fee for transfer. I think with these pieces of course the tax system has gone well. 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?
That should inform these governments about the potentials of bitcoin. How do you expect to get revenue from somethings so innovative yet you despise so much. If they will come to realize and accept bitcoin as how it is, then I think there could be a regulatory body which will help return some income to the governments. It is decentralized, everyone wants a decentralized economy to aid transparent transaction.
the authorities can not impose a tax on bitcoin if the country is bitcoin not yet legal, the main requirement to levy taxes on crypto is to legalize it. this is in my opinion
Absolutely, there are no authorities who are happy with the fact that crypto currencies are not easy to control and find out the details of transactions made with them. So the solution to this case would be the creation of some kind of digital wallet that allows its users to make transaction which is easier for taxation too.
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?
It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.
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