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 am not sure if it is really about property vs means of payment. Think about fiat: When you hold a currency in your bank account and you receive interest payments you will have to tax your profit. This is at least the situation in my country. Also from a legal perspective you first have to own cryptos before you can use them as a means of payment, thus becoming the proprietor of the coin. So the two are not mutually exclusive.