Quote from: leavolnhals on May 06, 2018, 03:49:07 AM

Quote from: kryptqnick on May 05, 2018, 06:34:41 PM

Today I was on a conference in Vilnius and went on a lecture about cryptocurrencies. I would like to share some aspects which I did't see so clear before. As we know, among those states which want to regulate cryptos, there are those which consider them as property and others as means of payment. The first approach is usually seen when there are tax companies around, because money is not taxed, but possession is. So when a state days they consider cryptos as property, it means they are getting taxed, while this is not the case with means of payment.
What do you think of this?

I think the government has done it right, because Crypto is making a lot of money for many people, not just a payment method.
Many became billionaires thanks to the development of Crypto such as Vitalik Buterin (founder of ETH) and Changpeng Zhao (founder of Binance). So I see Crypto as a new market and bring a lot of profit to everyone. So the imposition of taxes is correct.

As what have stated previous replies that it depends on which country you are there because there are some countries that quiet putting any taxes on bitcoin holder so we consider that depends on what country you are. Luckily here our country we are free of cashing out our money from bitcoin without deducting any tax only have tax when we buying goods.
Yeah property, just like we store gold for a long time and that is considered that in bitcoin is a great property that must have a taxation.