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?
This is because these states see crypto as an asset and not a currency. Not many people use it to buy and not many merchant accepts it as payment. That is the reason why these states are setting up a regaulation to tax crypto. Because all assets are to be taxed. That's why if we use bitcoin as a mode of payment, these will not be taxed.