Quote from: HardFireMiner on September 29, 2017, 01:23:51 PM

Quote from: Tipstar on September 29, 2017, 01:19:11 PM

Japan on it's move to regulate cryptocoins, has started licensing exchanges operating inside it's jurisdiction.
https://www.bitsonline.com/japanese-exchanges-licenses/

Quoinex becomes the first to get such license followed by bitflyer.

So, are we going towards more kyc, identity verification, source of income, income tax, profit tax, remittance tax?

Of course! Not all governments yet fully realized how to tax the money from mining and crypto trade, but some of them are touching the ground. Sooner or later, most miners will pay taxes. You can't hide from the taxman

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My thoughts exactly. I guess taxing may be focused on fiat withdrawals? It is a matter of time before governments start to seek to earn their share of people's crypto profits. The only reason I say fiat withdrawals is because it would be hard to justify taxing someone on a loss