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 ?

Regulation of bitcoin in India will be the good news for the people their.Regulation will increase the investors in India.But the tax will be very huge for the beginner.
Previously they will get the entire crypto profit to their account.But now,they have to pay 18% of profit to the government.