Post
Topic
Board Economics
Re: Taxes and regulations
by
NiinaKub
on 06/05/2018, 18:18:33 UTC
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?

very big problems with this right now, there is no any modern laws in our country about crypto, so i dont know do i need to pay taxes when i cash out,because  i cant really explain how i got this money. i hope crypto will be regulated for such problems, i can pay taxes but i should crearly know where and when