Quote from: PizzaBTC on November 09, 2018, 12:05:49 PM

Quote from: Drysprinkles291 on November 05, 2018, 09:33:45 PM

The bill that has been introduced in the Ukrainian parliament which proposes a halt on cryptocurrency taxation of any nature in Ukraine until the end of 2029, would definitely be something all crypto people would get behind. The questions is, how does cryptocurrency taxing work? And is there a fair way around it?

Well wouldn't that be amazing. 2030 is about 12 years from now (or 11 soon) and isn't that just a wee bit too much for a country. I mean 11 years could change so much and ukraine with the war going on with russia seems like it might be really in financial need, taxes could help out a lot in a country like that.

I mean don't get me wrong it is amazing for a country to just let the taxes be gone for crypto people, would allow faster adoption in a country and that helps us but I also do not want them to just say "we changed our mind, we want money now" all of a sudden and turn everyone away from crypto just when they get into it. You saw last year what happened with bitcoin when it reached 20 thousand and everyone came looking and it dropped, I wouldn't want the same for ukrainians.

Your doubts are precisely why that law is useless, is very easy for a government to make promises and then to not fulfill them, to me this is just a trap, they are trying to make cryptocurrency users to feel safe and to reveal their activities to the government and then they will take that law down and they will ask for taxes and even for penalties against bitcoin users.