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?
It is not a new things to pay tax on Bitcoin and crypto currency in general business related activities. For it is an on going activities in some developed countries where Bitcoin is accepted as a means of payment for goods and services, weekly and monthly earning from Bitcoin and crypto currency in general are been tax by government already.