Post
Topic
Board Economics
Re: Government Furious
by
Neraj Evad
on 12/06/2018, 06:53:14 UTC
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

The financial institution of the government is not stopping by looking into the Bitcoin digital transaction, they want a full regulation of crytpo currency transaction, taxes on every trading or transaction of Bitcoin, as simple as it is may sound but it may end up on the total control on market trading of Bitcoin. Yet, it is difficult for them to have a total control simply because of the Decentralized system. and this is the possible reason on the never ending issue of Regulation.
Government are furious about this happenning that they can not take control on bitcoin, they can not impose taxes to bitcoin transaction and payments, and mostly they cannot regulate what they want from bitcoin