Quote from: josephpogi on March 08, 2018, 09:35:19 AM

Quote from: ghsh on March 08, 2018, 01:33:58 AM

Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?

I think the country's government can only do is make an external centralization which is taxing the bitcoin and regulating bitcoin outside its blockchain technology, how ? by simply limiting it's consumer for using bitcoin or leveling people to have it like net worths, the more bitcoin you have the higher the tax you will pay. What will happen ? obviously the people will somehow lose interest on it.

I don't think that this sounds logical to begin it. Of course government will tax bitcoin if they wanted to, but I don't think that they will limit people on investing on bitcoin. Its like limiting commodities as well.

As far as taxes is concern, I totally agree with government taxing bitcoin, instead of a total ban. What we don't want to see is a total ban and then we are crypto lovers are trading behind their backs. And if we are caught, its either jail time or strict penalties which is not good for all of us.