Quote from: richardsNY on July 29, 2018, 08:06:08 PM

Quote from: Greenkarki on July 29, 2018, 07:32:02 PM

It purely depends upon the country which you live. Because as far as i know there is no tax for bitcoin. If the government announced to pay tax means then you have to pay only. Paying tax is good for economic growth of the country. Once it is legalized by government then automatically tax will be compulsory. At the same time U.S. government collect tax from the people for bitcoin.

How difficult it is to understand that Bitcoin doesn't need to be legalized or categorized in order for people to pay tax over their crypto holdings and profits? It's a common misconception that will end up making people run into legal problems with how they use their exchange for trading and storage purposes. It won't take long before governments will make sure that every centralized exchange shares user data on a daily or weekly basis with them. It's a threat not many people think about, but it's going to happen, and maybe it has already happened but we don't know it yet....

Precisely, but all of these are base on which country you are. It is not forcing us to pay tax even country implementing tax like the US there is an alternative way you can't pay tax. But I think paying tax is a just a small amount that you may contribute to the government that makes economic growth. Like in the US the fully developed country, so, that is not a big deal for me to pay the tax out there.
Well, luckily here my country we free using crypto without paying tax.