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?
Should there be a tax? Though tax is paid when making money in fiat, It's not that necessary or a system should be followed with crypto currencies as well. It's unique so let everything be unique with crypto. The main motivation of innovating bitcoin and crypto currencies may not be teased by applying tax please.