Post
Topic
Board Economics
Re: No Crypto Taxes Until 2030: Proposes New Ukrainian Bill
by
prtty2gal2
on 13/05/2019, 10:52:15 UTC
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?
I don't know anything about crypto taxation. How exactly does that even work? How do they charge you tax for making use of cryptocurrency since it is anonymous or are these taxes charged when you trade cryptocurrency from an exchange? In my country when I want to trade cryptocurrency I don't make use of exchanges, I make use of a p2p system where I send my cryptocurrency to the buyer and they will send payment from their bank accounts to mine. This has been the system I have been using since I started crypto and it has been working out for me.