Today I was on a conference in Vilnius and went on a lecture about cryptocurrencies. I would like to share some aspects which I did't see so clear before. As we know, among those states which want to regulate cryptos, there are those which consider them as property and others as means of payment. The first approach is usually seen when there are tax companies around, because money is not taxed, but possession is. So when a state days they consider cryptos as property, it means they are getting taxed, while this is not the case with means of payment.
What do you think of this?
Even if they consider it as a mean of paymet,there will still be VAT or TVA.Honestly I prefer that countries tax cryptocurrency rather than banning it without making the effort to know what is all about.Also there is some countries that doesn't even tax personnal assets as long as they are considered as "not high risk taking investments" in other words you shouldn't put all your money on it especially if you have a family,their priority is to make sure that investments doesn't interfere with standard "meet your needs"