Re: Explain the income in bitcoin ?

This is a legal issue no one has been able to answer me about

If you win bitcoin with investment, it's easy to declare

What about bitcoins you earn from jobs ( bounties, regular incomes for helping teams in moderation, etc.) ? It is a job and an income but in bitcoin, so how is it considered and declared?

Everyone should understand that every country has different approach or laws regarding taxation and better ask this in the local board you belong for a higher chance of having the full information from your countrymen.. In a country with no regulation like mine,, there is no such thing as declaring or paying tax on cryptocurrency.. I mean we are lucky enough for now but until when is a big question..

Good suggestion which is the best way to do for now which you should post on local board because people residing on that country will surely give you worthy answers. Taxation matter would really be entirely different on each country. Some would be strict some aren't too serious regarding on this matter which means cases would really be entirely different. And your question about on when they would strict and put compliance regarding tax then sooner or later we would really reach that thing.

Exactly,, Im not against regulation or taxation if only the government and our poor country deserve it,, if we can be sure that this wont just go to waste and might go to the pockets of corrupt officials.. That this should be an equal or fair legislation to the bitcoin community and to the state.. I will surely support this move if those condition will stricly followed and execute.. Our countrymen also badly need help and through taxation we can help..