I see that several governments are charging or thinking of charging tax on Bitcoin gains. I know that in the domain name industry several registrars and domain name sellers accept Bitcoin as a payment method. I am one one of them, and I am far from unique. I'm thinking of quoting domain name prices in Bitcoin to remove the currency equivalent. So that raises two questions. Will this help the buyer to save tax? Is this an incentive to buyers to switch investments from one appreciating asset into another?
I think this is not a new concept at all. Almost all governments are aware of the business and trends that could be profitable or is currently profitable in their local markets, therefore, it's not new that since bitcoin has been gaining much attention and value for the last several months or years, it would be inevitable for government to try to make it work for them through placing taxes over it or somehow restricting its use in that sense that people have to pay fees in order to use it wherein the proceeds would go to the government. Other countries are already drafting their own laws on how to regulate it in order to gain some use for it, since they have been seeing its continued rise.