Re: High taxation risk

Quote from: brawdias on May 23, 2018, 02:21:19 PM

I know that official regulations by the government can help to legitimate crypto. However, in India they want to apply a 18% taxation, I think is too much, and investing can be demotivating.

https://cointelegraph.com/news/india-considers-taxing-cryptocurrency-at-18-as-intangible-property-reports

Would you feel more skeptical if you country apply such taxation as well? Or would you be happy because they legitimating crypto ?

India is a corrupt country, I won't be surprise if they do that. Remember that one of a good feature of blockchain technology is about transparency and you don't expect a corrupt official to agree with this new technology. They will use all their power and their connections to limit the use of crypto.