Post
Topic
Board Legal
Re: Not Yet Legal But Not Banned
by
Capt00
on 18/11/2018, 19:23:33 UTC
Laughed hard that I thought OP is making sense on his post and then he will say
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes. 
Even without regulation in your country you still have to pay taxes. Income tax in general covers all even if it is illegal that is why drug cartels are laundering money in a form of "legit" businesses in order for them to be able to spend their illegal money. BTC might be neither legal or illegal in your country but you still have a duty to pay taxes even if there are still no laws covering about it. You might be earning through trading and mining but they are still covered by your taxes through capital gains and income tax respectively, there is no special tax for BTC as you already have one.
That is different here in our country, yes, not yet legal but not banned. Our government did not take any laws regarding Bitcoin and other cryptocurrencies, luckily we are freely used here even without paying tax to them. We enjoyed using anytime and we can pay tax when we buy goods from the earning of crypto. Well, that scenario depends upon where you living and if ever there is a law, then, you must obey the law.