Post
Topic
Board Economics
Re: Bitcoin vs Taxes
by
cahbagus555
on 14/08/2018, 01:19:45 UTC
I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view  bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.

Paying taxes is obligation from every citizen in country and i think its fine if government collecting taxes from cryptocurrency transaction. If Government want to collect taxes, government should make regulation on cryptocurrency and if regulation issued, i am believe it will make crypto price rising