Post
Topic
Board Economics
Re: possible government regulations?
by
freedomgo
on 05/11/2016, 07:01:05 UTC
To OP yes its already happening in our country.
What I am afraid of to happen, is the time will come that our transaction will be tax..

Yes its the KYC or know your customer policy is already implemented already in our local web wallet and the same time our local exchange in our country which needs personal informations and this exchange is the one I used to convert bitcoin to fiat. And also there is fee also when I'm going to withdraw so I have no choice but to follow their rules.
When the government knows our real information it would be easy for them to trace our transaction and if they will try to question us or impose tax eventually then we have to comply with it so we will not face charges against the government.