I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
for me Mate,theres no problem to be collected by tax,because i
believe that the government has the rights to collect tax from every people
who earn,thats why some of the businesses called ILLEGAL because they
paid now taxes and continue to earn.
And its our obligation too being people of every government to pay
taxes when we make a profit so its fair in both parties.