Post
Topic
Board Economics
Re: Let's suppose that Bitcoin became universal (used everywhere you go)
by
Hopeful2017
on 30/05/2018, 21:23:35 UTC
Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks

If that happens, surely, government will also put tax on bitcoin. Every single transaction will also be taxed. Government will put regulations especially in digital assets you have.