Post
Topic
Board Bitcoin Discussion
Re: Why do some government ban bitcoin?
by
halenephthys
on 10/03/2018, 23:17:49 UTC
Some government wants a ban on bitcoin since there is no capital gains tax chargeable on bitcoin. Only bitcoin mining and businesses operating on bitcoin are taxable.

Government is afraid of bitcoin since it can be a threat to the economy and the country itself. And I agree that they can get any tax when it comes to bitcoin. Also, since it is a decentralized cryptocurrency, illegal transactions may occur that may harm the people and the country.