Post
Topic
Board Speculation
Re: Japan ends 8% consumption tax on bitcoin Today
by
xypos
on 02/07/2017, 07:36:02 UTC
Always love reading and sharing good news about bitcoin!

Yeah, a lot of people are saying that the current pump is unjustified but i do think that this is no longer a bubble. This is a good price level for bitcoin, because Australia and Japan both have started to remove taxes on bitcoin on 1st July, and india is following.

This tax was unfairly imposed upon bitcoin traders in the first place. But now it's lifted, everything is all g Cheesy

Let's hope that even more countries can do this, especially the Eurozone. If the eurozone can legalize bitcoin, although it is extremely unlikely since they are so dependent on central banking, then all the crisis countries(Greece etc.) can start switching to bitcoin without additional taxes and charges. We've already seen that when there is a financial crisis, bitcoin usage soars in a certain country like venezuela.