Quote from: mcTether on November 17, 2018, 12:54:21 AM

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?

This is quite interesting. I believe the proponents of the bill wants to ensure they cash out as much as they can in the next 12 years before the taxes will be considered. Smart move.

Ukraine is also a country that is quite cheap to live. I went there this summer as a third world country citizen myself and I had a lot of fun and the prices were incredibly cheap. I mean we went to one of the finest diners in one city and only paid about 20-30 dollars in total.

When you have a country that is trying to get away from Russia and trying to build a new country for themselves apart from russia and trying to be more western than soviet you get a country that is trying to appeal to western countries. Being cheap helps driving a lot of tourists to the country and Russia can't really attack Ukraine during summer months because it would be risky for them to hurt any other countries tourist.

Plus with crypto bill like this there will be a lot of foreign money coming into Ukraine and that is exactly what Ukraine wants, they want to bring in foreigners to invest into Ukraine heavily so Russia can't attack them with the fear of facing consequences.