Cryptocurrency and taxes. It is controversial topic. Noone want to pay taxet especially for bitcoin. Now this is a very profitable business and soon the government can introduce taxes on cryptocurrency nevertheless. But we can`t "touch" or "hold" it so in what way cryptocurrency might be taxed?
In my opinion, cryptocurrency may be taxed in the same way as a program or any sale or purchase transaction. Regardless of what you are selling, if you are profiting, you are required to pay tax.
What do you think?
Assuming that this will happen, I think the government will make a ten percent tax in every cryptocurrency transaction
This and every cryptocurrency hodlers and traders will make a registration to the government system created exclusively only to these person. What is not good to this aside from subtracting your profit, your identity could be not safe anymore. So I hope that if this can't be stop then the government should make a secured system before make a tax implementation.