Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Tax?
by
JuliaEnnyPen
on 26/11/2017, 19:20:44 UTC
Bitcoin is not governed or controlled by governments or banks. Hence they don’t have any control over cryptocurrencies.

That said,when you sell your Bitcoin and get fiat currency like US dollar, then you’re liable for taxes as per your country on capital gain.

Considering the growth of Bitcoin, you should only Buy and Hold. Take out in small amounts to avoid taxes.