Quote from: heisenberg0000 on March 22, 2018, 05:52:46 AM

Quote from: kache2018 on March 21, 2018, 05:34:55 PM

Most countries are now able to introduce the tax system especially in the GCC countries. As for the cryptocurrencies, I've read an article about the taxation of Bitcoin and Etherium in the New York Times.

Generally taxation is used by the government to increase their funds for the benefit of its constituents. Aren't cryptocurrencies decentralized? Unlike the actual bills and we use as medium for exchange/trading and investment which are all centralized and its circulation is being controlled by the government right?

If the tax system will pursue, is it fair enough seeing that the government is about to invade bitcoin? What are your insights about this?

Here is the link:
https://mobile.nytimes.com/2018/03/21/technology/think-cryptocurrency-is-confusing-try-paying-taxes-on-it.html

I think we are still far away from the taxation of crypto currencies. Why do I say this, it is because that we dont have a single committee that is willing to commit and fix the regulation system of crypto currencies. We need to see first how things would be regulated before we can focus on the taxation system that would be put into place.

I think we got the same point sir, What I understood is that whenever a government body shall enforce laws on taxation of trading bitcoin it simply means that the government intrudes bitcoin. Thanks sir.