Topic: Taxes and regulations (Read 2193 times)
Regulation should come before Taxes, government must have a value to add before collecting tax, for there to be an increase in the adoption rate of BTC, Altcoin and Cryptocurrency platform goverment involvement must be seen by all as a means of increasing trust rate on CRYPTO platoform.
I think the government does not need to set a tax on crypto ownership because we have reported income tax every month and crypto is also included in the income tax. What else does the government impose crypto ownership tax? I think the government just wants to blackmail us if they apply the regulation.
in my opinion the taxes and regulations for cryptocurrency are not very important and cryptocurrencies like bitcoin will never be able to give taxes to the government and will not be subject to regulation from any country. bitcoin is the safest solution for transactions and anonymous.
Bitcoin is anonymous but now, exchanges are becoming more concerned with KYC. This is for verification purposes but one on a more serious note, don't you think the data collected can be used for security purposes as well. If exchanges are taxed, then every crypto user is being taxed in an indirect way. 
I think that you can not take cryptocurrency as "property". This is extremely not reasonable. Cryptocurrencies are digital currency, money, and imposing a tax on money is accordingly silly.
As of now, governments consider cryptocurrency as "digital assets" that being used in investment. These digital assets are like gold where prices fluctuates based on speculations. These digital coins can be classified as property. Though we know that this is not the real purpose of the coins. The question is when can we consider these coins as currency? As soon as the application of the blockchain go mainstream.
I think that you can not take cryptocurrency as "property". This is extremely not reasonable. Cryptocurrencies are digital currency, money, and imposing a tax on money is accordingly silly.
As of now, governments consider cryptocurrency as "digital assets" that being used in investment. These digital assets are like gold where prices fluctuates based on speculations. These digital coins can be classified as property. Though we know that this is not the real purpose of the coins. The question is when can we consider these coins as currency? As soon as the application of the blockchain go mainstream.
If there is a state who accept crypto not just a means of payment but, also considering this as property meaning to say it should taxed and have central authority by the government. Once it has good results, I think it is a great influence by anybody states to adopt crypto as well, particularly in bitcoin.
But no central authority for crypto currency particularly for bitcoin so how it can be regulated by countries.We don't have to pay any taxes for using crypto currencies separately because we already paying taxes for the thing we are buying and we will pay taxes for our income so asking for taxes still is like extra tax for using our money. If there is a state who accept crypto not just a means of payment but, also considering this as property meaning to say it should taxed and have central authority by the government. Once it has good results, I think it is a great influence by anybody states to adopt crypto as well, particularly in bitcoin.
indeed I feel crypto in my country can be said as a property, where each of us transactions will be taxed, even though the amount is different to determine the amount of the taxI don't know if that will be a good thing.
We all know that because of the anonymity, even though Bitcoin is not fully anonymous, we can enjoy the financial freedom that I know a lot of people wishes in the past when cryptocurrencies are still not a thing. Also, if the governments will be looking at cryptocurrencies as a property, it means that owning some of them will be taxed by the government and I don't think that will be a good thing for most of the people that have their share of Bitcoin and other cryptocurrencies as well.
Governments always want to define, categorize, and catalogue the crap out of everything so that they can tax/control/permit/regulate/standardize the f*ck out of it.
So yeah, they will try all sorts of things to pigeon hole Bitcoin so they can decide how to tax/regulate/control the hell out of it.
Go ahead and try to tax it, you worthless pasty face politicians. You are only going to drive us to work harder at anonimizing Bitcoin even more.
So yeah, they will try all sorts of things to pigeon hole Bitcoin so they can decide how to tax/regulate/control the hell out of it.
Go ahead and try to tax it, you worthless pasty face politicians. You are only going to drive us to work harder at anonimizing Bitcoin even more.
I think that you can not take cryptocurrency as "property". This is extremely not reasonable. Cryptocurrencies are digital currency, money, and imposing a tax on money is accordingly silly.
As of now, governments consider cryptocurrency as "digital assets" that being used in investment. These digital assets are like gold where prices fluctuates based on speculations. These digital coins can be classified as property. Though we know that this is not the real purpose of the coins. The question is when can we consider these coins as currency? As soon as the application of the blockchain go mainstream.
I think that you can not take cryptocurrency as "property". This is extremely not reasonable. Cryptocurrencies are digital currency, money, and imposing a tax on money is accordingly silly.
As of now, governments consider cryptocurrency as "digital assets" that being used in investment. These digital assets are like gold where prices fluctuates based on speculations. These digital coins can be classified as property. Though we know that this is not the real purpose of the coins. The question is when can we consider these coins as currency? As soon as the application of the blockchain go mainstream.
Perhaps coin can consider as currency when mass adoption happen or when all merchant accept coin as payment. In my country, cryptocurrency traded as commodity and perhaps its classified as property.
what are you complaining about guys ? crypto is already considered as a currency but many people use it differently , they use thier cryptos for investment or for trading because they can see a profit from it . about the regulation thing , crypto cant be regulated because crypto is not regulated and not hold by banks .
If there is a state who accept crypto not just a means of payment but, also considering this as property meaning to say it should taxed and have central authority by the government. Once it has good results, I think it is a great influence by anybody states to adopt crypto as well, particularly in bitcoin.
indeed I feel crypto in my country can be said as a property, where each of us transactions will be taxed, even though the amount is different to determine the amount of the tax I think that you can not take cryptocurrency as "property". This is extremely not reasonable. Cryptocurrencies are digital currency, money, and imposing a tax on money is accordingly silly.
As of now, governments consider cryptocurrency as "digital assets" that being used in investment. These digital assets are like gold where prices fluctuates based on speculations. These digital coins can be classified as property. Though we know that this is not the real purpose of the coins. The question is when can we consider these coins as currency? As soon as the application of the blockchain go mainstream.
Perhaps coin can consider as currency when mass adoption happen or when all merchant accept coin as payment. In my country, cryptocurrency traded as commodity and perhaps its classified as property.
If there is a state who accept crypto not just a means of payment but, also considering this as property meaning to say it should taxed and have central authority by the government. Once it has good results, I think it is a great influence by anybody states to adopt crypto as well, particularly in bitcoin.
I think that you can not take cryptocurrency as "property". This is extremely not reasonable. Cryptocurrencies are digital currency, money, and imposing a tax on money is accordingly silly.
As of now, governments consider cryptocurrency as "digital assets" that being used in investment. These digital assets are like gold where prices fluctuates based on speculations. These digital coins can be classified as property. Though we know that this is not the real purpose of the coins. The question is when can we consider these coins as currency? As soon as the application of the blockchain go mainstream.
I think that you can not take cryptocurrency as "property". This is extremely not reasonable. Cryptocurrencies are digital currency, money, and imposing a tax on money is accordingly silly.
It all depends to the state where you are belong. This debate will never end that most of us treats bitcoin as traditional assets but there are people who are against with it. With the last G-20 conference, bitcoin has been classified as an asset so I guess every state will follow that declaration but they are also free to think of it if they don't see it as an asset, it's up to them.
legality that can make tax and government regulation if the state has legalized the crypto currency automatically and if the tax does not burden and harm investors I feel good to apply 
The government has the right to ask what is due to them as it is clear in the government code that every citizen's of the country should pay taxes. But here in crypto we need regulations to move forward and gain the mass adoption.
it should be so if the legality and rules of definite tax will also be used as a rule if indeed with the existence of taxes can make security and comfort in investing I think it will be something natural we will get into investing Taxes are funds collected from the community used by the government to finance the state. Every person who already has income must pay taxes. The tax calculation applies equally to everyone including the president, businessman or ordinary employee.
So in my opinion, even though crypto is considered a means of payment in a country, crypto holders also have to pay taxes.
I strongly agree, because taxes and regulations are the authority of the government with the aim of the development and prosperity of the people.So in my opinion, even though crypto is considered a means of payment in a country, crypto holders also have to pay taxes.
Without tax, the government cannot move the construction wheels so that the expected simultaneous effects such as a developing economy can be expected.
Therefore crypto must be taxed, but it is too burdensome so that crypto trading can grow.
If crypto is considered a property and taxed, I think this will be a tremendous pressure for crypto holders even though in the future crypto prices will improve, because crypto is an invisible asset, unlike gold.
Cryptocurrency is actually more suitable if it is referred to as a commodity like gold because indeed in my country cryptocurrency has been acknowledged and certainly taxes are obtained from the disbursement of one's funds I strongly agree, because taxes and regulations are the authority of the government with the aim of the development and prosperity of the people.
Without tax, the government cannot move the construction wheels so that the expected simultaneous effects such as a developing economy can be expected.
Therefore crypto must be taxed, but it is too burdensome so that crypto trading can grow.
Without tax, the government cannot move the construction wheels so that the expected simultaneous effects such as a developing economy can be expected.
Therefore crypto must be taxed, but it is too burdensome so that crypto trading can grow.
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Without tax, the government cannot move the construction wheels so that the expected simultaneous effects such as a developing economy can be expected
not at all time's the tax can go from the development of a country . in most cases the tax will only go straight to the pocket of the government officials .
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Therefore crypto must be taxed, but it is too burdensome so that crypto trading can grow.
tax cant help the crypto trading to grow . it can actually help lessen the volumes of trade because people will llikely exit crypto if they knew that it was being taxed . can you imagine the charges ? tx fees + trading fee + withdrawal fee + tax =
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