Topic: The End of Anonymity and the Start of Tax Hell for Crypto - page 2. (Read 300 times)
there is nothing bad in taxation. of course, some countries would try to squeeze the maximum, but this is just a normal industrial progression i guess.
Not all governments are greedy. Some want only a small contribution. You can see it on the Wikipedia's income tax page. In some countries there's no income tax, in other there's no crypto tax, in some other the tax is really small like 10% or less. I think we all could lose 10% of our income without becoming poor or having to hide our income to avoid taxes. The whole world is not the same, there are countries that don't want to steal from you and you can always move there.
Do you think that you are anonymous? You need to do KYC on exchanges, so how come? Anonymity is not possible for now.
Well, it might be bad for hardcore anarchists; but I think these things help bring more adoption in the crypto system. Privacy and tax free lifestyle is a good thing. But people shouldn't mind paying some % in taxes after gaining so much profits from cryptos. As for privacy, well, truth is bad guys also take full advantage of it. You see all the hackers, scammers are flourishing coz of this privacy only. So maybe some balance is needed.
On the one hand, it seems to me that this is a good idea, because many investors agree to legalize cryptocurrency, but the most important thing is that today many investors are not going to be verified, we agree to pay the tax, but without verification
yes I agree with you I also agree to pay taxes, but for verification I am very uninterested because it will eliminate crypto anonymity. crypto was liked because the advantages of one of them were anonymous without all crypto like other mainstream investments.
if I have to choose between banning cryptocurrencies and taxes, I choose taxes. It is okay,I dont see any problem, from every profit you have to pay taxes. Goverments see profit in crypto, they will be crypto-friendly and massive adoption can happen, so where is the problem?
Anonymity is very important for people , but for many traders there'are no problem with revealing their personality where they accept to do KYC and even doing video calls in some cases. some governments denies Cryptocurrencies , but they want to apply taxes on banks transfer.
On the one hand, it seems to me that this is a good idea, because many investors agree to legalize cryptocurrency, but the most important thing is that today many investors are not going to be verified, we agree to pay the tax, but without verification
Honestly I wouldn't be too worried if the removal of anonymity surrounding crypto leads to stability as well as eradication of the countless scams and shitty projects currently littering the industry. The much preached decentralisation of the industry hasn't offered much really. Instead, it has created full fledged scams and substandard projects offering nothing. If the government plans on introducing regulation then my hope is that everyone embraces fully for the overall betterment of the crypto industry.
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This thing is to be expected, Japan has already doing so and then other countries will follow. Government are afraid that there might be money laundering within cryptocurrency ecosystem now quite the opposite it is the crypto users who are afraid of huge taxes, Identity required when cashing in or out is okay, but too huge taxes is just meh..
Governments are dreaming of removing anonymity from Crypto. They see Crypto as a taxable goldmine and they want to cash in.Any thoughts? Check the post on Medium on the topic.
https://medium.com/tabularasa/the-end-of-anonymity-and-the-start-of-tax-hell-for-crypto-38de53cb04c6?source=friends_link&sk=98093ecd7ca8c2753047cbc656c73936 (link below bypasses the Medium paywall)
Any thoughts?
not that easy to disappear anonymity on the blockchain. I think the government knows that. and I see the only way that the government can tax the cryptocurrency is when crypto is in the market. the government can tax every tader to start trading. but it will be useless if on the DEX market.
Governments are dreaming of removing anonymity from Crypto. They see Crypto as a taxable goldmine and they want to cash in.Any thoughts? Check the post on Medium on the topic.
https://medium.com/tabularasa/the-end-of-anonymity-and-the-start-of-tax-hell-for-crypto-38de53cb04c6?source=friends_link&sk=98093ecd7ca8c2753047cbc656c73936 (link below bypasses the Medium paywall)
Any thoughts?
Governments are dreaming of removing anonymity from Crypto. They see Crypto as a taxable goldmine and they want to cash in.Any thoughts? Check the post on Medium on the topic.
https://medium.com/tabularasa/the-end-of-anonymity-and-the-start-of-tax-hell-for-crypto-38de53cb04c6?source=friends_link&sk=98093ecd7ca8c2753047cbc656c73936 (link below bypasses the Medium paywall)
Any thoughts?
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