Post
Topic
Board Bitcoin Discussion
Re: Bitcoin being taxed?
by
exstasie
on 28/10/2017, 21:07:33 UTC
Just happened across this one: https://motherboard.vice.com/en_us/article/7x4vad/putin-cryptocurrency-russia-mining-regulations-ico-bitcoin-ethereum?utm_source=mbfb

It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?

Sure, but that will only work for a short time. Within the coming decade, I expect that nearly all governments will have regulations on cryptocurrency mining and exchange. The question will be, how liberal is one country's policies vs. another?

I'm sure some countries will outright ban cryptocurrency payments, and I've read that the governments of both Algeria and Indonesia are considering doing just that. It'll be interesting to follow what their citizens do if they follow through with it. I imagine some countries will become a haven for mining -- low taxes, power subsidies, etc. Time will tell which ones.