Post
Topic
Board Altcoin Discussion
Re: Do traders pay income taxes?
by
myohmy81
on 05/11/2018, 14:16:16 UTC
I'd like to start trading, but what happens when you get profit from a new coin? you pay taxes as individual (like capital gain) or you must open a registered company?
I think it needs a law to implement the collection of taxes from the earnings of cryptocurrency. If that will happen how the government know if we earn on this technology as we also lose our funds in a bearish market. Anyway here in my country we are free to do crypto transaction without any issue from government. They just reminded us that investing in crypto is high risk due to volatility.