Topic: Will crypto exchanges be banned/taxed ? - page 4. (Read 529 times)
it looks like bitcoin will be taxed so it will have legality in the country, and it can be mutually beneficial for both everyone as well, anyway crypto exchange will not exist forbid while allowing only have and investment.
Crypto will be taxed sooner or later. That is the main goal to all governments - to collect as more taxes as possible.
There are dozens of cryptocurrency exchanges, they have their pros and cons. But, most of these exchanges are not fair with their dealings. I think they should be regulated and taxed properly, so they can't cheat their clients.
There are number of crypto exchanges in this world and every exchange has got its own specialties and qualities. However, there are certain exchanges which are not that much good and most of the investors have lost their money by dealing in those exchanges. All these low standard crypto exchanges really need to be banned so that they may not result in loss of money. 
Not everyone could buy GPUs and earn crypto coins instead of using exchanges and getting taxed for our earnings.Its not logical for everyone to do that.Governments have changed their idea of totally banning exchanges and they just want to regulate the exchanges by asking them to implement KYC and control outflow of money and at the same time,they just want to increase their earnings by taxing such exchanges.
Cryptocurrency will be banned in any country when the gorvenment in these countries can't be able to handle cryptocurrency and control its disadvantage. Beside Cryptocurrency will be taxed when it'd be legalized in any country and become a local currency. At the moment, Cryptocurrency already banned in few countries but only legalized in Japan. Maybe in next few year, the number of country that legalize cryptocurrency will increase very quickly 
For sure if they need to survive they will be taxed, so if they will not be banned they will have to be taxed. I believe that the smarter governments will find the opportunity to make some profit over the investment and allow exchange to live with very high tax regulations.
Yes i agree with you. the main reason why people use bitcoin to be their invesment or payment method is to hide their identity, hide their balance from public (to be anonymouse) and get almost free fees. but with govs to intervene the ceypto world with taking taxes. crypto world become uncomfortable and exchanger become more like bnk which is what we avoid.
Tax exist to gather funds from people for common interest. We might feel fine if it's talking about small amount of money but it's always be a problem when you get taxed due your large earnings so I wouldn't surprised if then a lot of people use bitcoin to avoid taxpayer. The problem are on each of you , not the gov who regulates exchange, they act like that based on mutual agreement, if you don't like it then change it through legal action. I would say that crypto exchanges being taxed would be far better than being banned.
thats could be win win solution for community and goverment.by legalize crypto market and take taxes from exchanger would make goverment get alot of fund to run their program in order to make their citizen prosperous.
I think the future of cryptotrading is in decentralized exchanges. Those are like torrents for crypto
This would solve many problems.
This would solve many problems.
I can't believe there is still an agitation for people against government in regulating the crypto world and even to the extent of taxing and mind you, tax payment won't make you poor so far you are not paying hundred percent of your income as tax. The situation really needs to be regulated if we want it to be sustained long term because without that, the crash is imminent as the people who care less about the rules of the decency in any human endeavor would pollute the market so far their selfish interest is protected.
We should not go against the regulation, it is the best possible way out to catch the criminals as well encourage the use of cryptos.
Regulation will benefit the government as well as crypto users, you should not worry about the regulation if you are not involved in illegal/criminal activities.
Even if you hide your wealth behind blockchain you will be caught while cashing out because till now we can't use cryptos directly across the world for buying in daily life.
Regulation will benefit the government as well as crypto users, you should not worry about the regulation if you are not involved in illegal/criminal activities.
Even if you hide your wealth behind blockchain you will be caught while cashing out because till now we can't use cryptos directly across the world for buying in daily life.
Yeah i think COinbase already have taxes for USA citizens and i think in future alot of exchanger will have some 
Iam shoked like japanes need to pay 50% off from profit on crypt its a globally LOL !
Iam shoked like japanes need to pay 50% off from profit on crypt its a globally LOL !
Some part will certainly be banned and other taxed. But I don't see anything wrong with paying taxes. That's why future for the DEx.
Bitcoin expenses dropped sharply during the past few days as the rumored China alternate ban is slowly being rolled out. First Bitkan, a popular Chinese language OTC buying, and selling platform introduced that they will shut down. Then BTC China, one in every of the biggest 3 Chinese language exchanges observed suit. And sooner or later nowadays OKEX, a futures platform run via OKCoin, announced that their new futures can be primarily based on a hundred% USD price index, in place of the previous 50/50 CNY/USD blend. A smaller trading platform VIABTC announced that they'll near their doors as nicely.
If today we completely analyze what is happening in the world of crypto-currencies on exchanges and exchangers, we can accurately determine that it seems that the administration is becoming very greedy and try in any way to increase interest for operations and withdraw more money from users. 
Bitcoin expenses dropped sharply during the past few days as the rumored China alternate ban is slowly being rolled out. First Bitkan, a popular Chinese language OTC buying, and selling platform introduced that they will shut down. Then BTC China, one in every of the biggest 3 Chinese language exchanges observed suit. And sooner or later nowadays OKEX, a futures platform run via OKCoin, announced that their new futures can be primarily based on a hundred% USD price index, in place of the previous 50/50 CNY/USD blend. A smaller trading platform VIABTC announced that they'll near their doors as nicely.
The govs don't want common people to make money or escape from their poverty, so they are trying to hinder the crypto ecosystem in general.
For example we hear about crypto exchanges to be banned in some countries, or be heavily taxed so that the govs take significant earnings without doing nothing.
"Regulation" after all is just an extorsion: if you , Bitstamp (for example) , don't give me a good part of your earnings, you can't operate.
And the gov is not going to give any service in return, they just take their slice of the pie for nothing.
And at the end of the day it is not Bitstamp the one who is losing money due to "regulation".
We are.
Because Bitstamp and all regulated exchanges will be raising their fees due to the taxes and we are the ones who must pay the gov to keep the exchange alive.
What can we do to avoid this issue?
The solution that is gaining popularity are decentralized exchanges like Waves or Streamity ,
which are good for crypto-only trading.
But what about FIAT deposits?
How do "decentralized FIAT deposits" work , if they exist?
i can think of 2 solutions to this problem:
- Use FIAT to buy GPUs, mine coins with them, then use the mined coins to trade on DEX (decentralized exchange) platforms
For example we hear about crypto exchanges to be banned in some countries, or be heavily taxed so that the govs take significant earnings without doing nothing.
"Regulation" after all is just an extorsion: if you , Bitstamp (for example) , don't give me a good part of your earnings, you can't operate.
And the gov is not going to give any service in return, they just take their slice of the pie for nothing.
And at the end of the day it is not Bitstamp the one who is losing money due to "regulation".
We are.
Because Bitstamp and all regulated exchanges will be raising their fees due to the taxes and we are the ones who must pay the gov to keep the exchange alive.
What can we do to avoid this issue?
The solution that is gaining popularity are decentralized exchanges like Waves or Streamity ,
which are good for crypto-only trading.
But what about FIAT deposits?
How do "decentralized FIAT deposits" work , if they exist?
i can think of 2 solutions to this problem:
- Use FIAT to buy GPUs, mine coins with them, then use the mined coins to trade on DEX (decentralized exchange) platforms
I agree that we need to start paying attention to decentralized exchanges, but spendimg fiat on GPUs for the purpose of "mining to acquire cryptocurrencies" will make you lose money. Mining is not as simple as turning your computer on and "here come the coins". Haha.
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- Buy crypto with FIAT directly from other people, that you can meet in forums or online announcements, Localbitcoins.com and similar sites
Localbitcoins.com is a centralized service that can be taxed, and that expense can be passed on its users through fees. Decentralized exchanges like Bisq is still the best option.
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Well i know it's more "comfortable" to just do a bank transfer to an exchange's account , but this will have a cost for you: the gov will know what you are doing with that money, how many coins you bought , etc., so they may tax you because they think you are making profit.
While if you buy GPUs they cannot assume you are mining. You say you are just playing video games.
So your earnings are anonymous.
They don't even know you bought GPUs if you buy them at local shops with cash.
Being anonymous is worth the struggle even if it takes a bit of "discomfort" , as you are going to avoid a lot of nuasances.
While if you buy GPUs they cannot assume you are mining. You say you are just playing video games.
So your earnings are anonymous.
They don't even know you bought GPUs if you buy them at local shops with cash.
Being anonymous is worth the struggle even if it takes a bit of "discomfort" , as you are going to avoid a lot of nuasances.
This is very naive and, not to mention, stupid.
There are dozens of cryptocurrency exchanges, they have their pros and cons. But, most of these exchanges are not fair with their dealings. I think they should be regulated and taxed properly, so they can't cheat their clients.
Yes, they will be taxed for sure by the particular country's exchange if they are expected to be run their services over there for years something like Indian government is planning. Right now for example if you consider a country like India here the taxation is going to be accepted soon for crypto exchanges. And if the bitcoin is banned worldwide then you can expect to see the crypto exchange getting banned across major Asian countries like india, China,Nepal and indonesia .
I definitely support regulation to protect us from scams and frauds when dealing with ICOs. Not only that, I am in favor of getting taxed when we decide to cash out in crypto exchanges for good. Just like any aspect of life, it is mandatory for us to get taxed on our salaries, business profits and so on.
Tax evasion for me is no good at all, as I want to pay my own taxes correctly, especially if I am actively trading in cryptocurrency exchanges.
Tax evasion for me is no good at all, as I want to pay my own taxes correctly, especially if I am actively trading in cryptocurrency exchanges.
Our governments and politicians will keep fighting bitcoin and altcoins but there cannot deny the beauty of blockchain technology. Bitcoin cannot be banned and even some country that have come out that they have ban bitcoin could not stop there citizens not to used it. Bitcoin has remained the main such of news to many media houses today because of how influential it is to the society. Taxation is good but most of the third world countries leaders do not deserve it.
Yes its TRUE.
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