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 ?

That is a bad step by your government that they are imposing that much tax on bitcoin. I do not think that in that step they are in the favor of bitcoin but your government just want to get a huge amount of money from the users of bitcoin. If they like the use of bitcoin for their state then they also have to know that bitcoin is much more beneficial for any state and they have to make the adoption much easier with no tax or lowest tax.