Topic: Will Government put an hand to interfere the Cryptocurrency and tax us? - page 2. (Read 577 times)
December 06, 2017, 11:05:00 PM
To hell with the government, to hell with the bank, do not believe them. Bitcoin is our way to fight them, do not be afraid of what happens later, bitcoin will be a very valuable asset.
December 06, 2017, 10:56:44 PM
Most likely, I think the only way the government can regulate bitcoin is by means of taxation, just like when you order a coffee and pay through bitcoin part of it will go to tax. I believe that in order for the government to legalize bitcoin entirely such compromise such as this is neccessary.
December 06, 2017, 06:50:05 PM
I have read an article "US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership which about not only BTC but also cryptocurrencies have finally drawn the attention of both the mainstream and the governments.
So, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
in my country the government is already making attempts to tax work with the cryptocurrency. However, you can still earn and not pay taxesSo, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
This is different, it is not about taxation.
Taxation happens when you sell your coins at a profit (already in place in the us where they are views like commodities stock) or when you make purchases in country that have VAT.
What is proposed with this bill is that you have to declare how many coins you own , and this is actually a bit too serious.
I doubt it can be enforced, as you can hide a privkey for a wallet even in a painting or in a 1cm steel tube in a hole in the garden, but what happens if you get caught?
Going to jail and doing time for a few years because you haven't declared 100$ in crypto?
Besides, it can get pretty nasty with people holding wallets , somebody can out of pure generosity send you 1000$ and then there is a know at your door.
December 06, 2017, 11:26:31 AM
That's what russians are afraid of since they've heard that Putin is gonna legalize crypto in Russia.
December 06, 2017, 11:25:23 AM
I have read an article "US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership which about not only BTC but also cryptocurrencies have finally drawn the attention of both the mainstream and the governments.
So, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
in my country the government is already making attempts to tax work with the cryptocurrency. However, you can still earn and not pay taxes So, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
December 06, 2017, 10:07:33 AM
Maybe they will interfere by putting taxes. but it depends on a situation. In our country, the bitcoin users is not as other countries income on bitcoin, and it should be taxed, but it has no problem because their government support bitcoin, and bitcoin has own network, without government involved. But other countries banned bitcoin, because maybe they feel that bitcoin can cause problem to their economy.
December 04, 2017, 12:21:30 AM
I've read an article on a democracy country that the government and local banks is giving a warning to those who make investments in crypto and maybe who knows that they were also planting to interfere by putting taxes on it. But in my opinion they are just doing it for the purpose that some banks might get bankrupt if the poeple continues to invest in crypto and the used of banks will be less in need.
December 03, 2017, 11:30:39 PM
Wait what? That's ridiculous. Doesn't the US have a bank secrecy law of some sorts? Doesn't this mean that everything is open to their scrutiny now? That seems like a gross misstep and an abuse of power. Citizens still have the right to privacy.
Also, the article states that they seek to criminalize "intentional concealment." Does this mean you have to declare all your bank accounts and crypto wallets to the government? Or will that be only necessary should they request for your info? People are saying that this is going to be a pain to enforce and I agree, but I'm sure not many people would be willing to take part in criminal activity.
Also, the article states that they seek to criminalize "intentional concealment." Does this mean you have to declare all your bank accounts and crypto wallets to the government? Or will that be only necessary should they request for your info? People are saying that this is going to be a pain to enforce and I agree, but I'm sure not many people would be willing to take part in criminal activity.
December 03, 2017, 11:19:52 PM
I think it can happen because the role of government in this country is very important. Whatever decision we can only follow and comply with its rules given. because the decisions and regulations of the government are made only for the benefit of us all the nation that exists in this country.
December 03, 2017, 10:28:11 PM
I have read an article "US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership which about not only BTC but also cryptocurrencies have finally drawn the attention of both the mainstream and the governments.
So, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
If a country exercises democracy then legalization of bitcoin and other cryptocurrency will be a long process. However, I think they have the rights to tax bitcoin earnings since funds of government came from the taxes of people. Government should have services in return for taxing bitcoin to make users agree with the terms they will impose for legalizations. So, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
December 03, 2017, 09:45:37 PM
As I said in a previous post, that bill (if passed) isn't going to end up doing anything, it's just a scare tactic to the entire crypto community telling us that the government does have the ability to screw with us if they'd really like to. Enforcement on that is hard, and won't happen. But the thing to note here is that they can regulate us.
If the government feels like we are hurting them, or hurting the people that pay them the big bucks in political donations (financial instutions ie banks) then they're going to tax us and regulate us into oblivion. They have the power, and they will use it if need be -- and there's nothing we can do about it.
So yes, if need be.
If the government feels like we are hurting them, or hurting the people that pay them the big bucks in political donations (financial instutions ie banks) then they're going to tax us and regulate us into oblivion. They have the power, and they will use it if need be -- and there's nothing we can do about it.
So yes, if need be.
I think we are already hurting them in a way no one really doesn't see. In some countries, bitcoin is being regulated only because "it can be used on illegal doings" is their excuse, but I think it is not actually the reason. But either bitcoin can be a threat on central banks, which government doesn't want to see. That is why bitcoin regulation is being implemented on some countries. And if bitcoin regulation is done, taxation is nearly coming. For me, at this moment, those who implement bitcoin's regulation are now moving to put tax on bitcoin, I knew they had the power but I just don't think it's enough for now. So let's don't worry for now.
December 03, 2017, 09:44:09 PM
Fight for what? Though we fight against the government, we will lose. Their "soldier" is bigger than us, there is banks, ministry, president, and more, they all act in the name of protection for the people. I'm sure they are planning something, so cryptocurrency can give an advantage to their country and not kick the bank out.
And maybe someday you must pay your taxes or you will go to prison because you have 1 or 2 bitcoins
And maybe someday you must pay your taxes or you will go to prison because you have 1 or 2 bitcoins
December 03, 2017, 09:24:03 PM
As I said in a previous post, that bill (if passed) isn't going to end up doing anything, it's just a scare tactic to the entire crypto community telling us that the government does have the ability to screw with us if they'd really like to. Enforcement on that is hard, and won't happen. But the thing to note here is that they can regulate us.
If the government feels like we are hurting them, or hurting the people that pay them the big bucks in political donations (financial instutions ie banks) then they're going to tax us and regulate us into oblivion. They have the power, and they will use it if need be -- and there's nothing we can do about it.
So yes, if need be.
If the government feels like we are hurting them, or hurting the people that pay them the big bucks in political donations (financial instutions ie banks) then they're going to tax us and regulate us into oblivion. They have the power, and they will use it if need be -- and there's nothing we can do about it.
So yes, if need be.
December 03, 2017, 09:16:31 PM
As we speak, governments around the world are slowly making their move against cryptocurrency as it is becoming mainstream. I think It will not be long before they will be successful in their endeavor of implementing whatever that is encompassing their so called "legal actions". But whatever it is, I also think that this whole thing will prove to be quite difficult to achieve by them since most of the people who are indulging in crypto dislikes centralization.
December 03, 2017, 08:55:31 PM
I have read an article "US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership which about not only BTC but also cryptocurrencies have finally drawn the attention of both the mainstream and the governments.
So, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
So, do you think the day will come soon or never happen?
IMO, the government will surely find some way to interfere with a "proper" excuse and tax us because they are leak of money! Their intention is so obvious to make everything "Legal". However, will they success? Will we fight?
Everyone who hodling crypto is not only want profit and financial freedom but also they do not like how centralization works.
Sorry for my poor English. Hope you will understand.
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