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?
Using traditional method would be hard for the government side to implement such matter. Also if they choose to get the taxes directly from a cryptocurrency member is more harder, so i think the very best way to control this tax system in crypto world could function well through the cooperation of national crypt exchanges. The exchanges will be the one who do the task to deduct the exact percentage amount from the profit of a crypto claimer.