Quote from: farraddy on October 08, 2019, 11:34:45 AM

Quote from: Nevsky on October 07, 2019, 07:43:29 PM

Quote from: farraddy on October 06, 2019, 12:36:28 PM

Quote from: Nevsky on October 06, 2019, 11:25:13 AM

Quote from: farraddy on October 03, 2019, 06:01:32 PM

Perhaps my question seems strange..Are taxes taken from the winnings or prizes? or each player is independently responsible for their income before the legislation of their country.

I dont see anything strange in your question, young man. I think this is important, because you can get punishment from your state. But I think that we need to look at the legal status of cryptocurrencies and similar projects. Most likely this was taken into account by the creators of the slots.

Thanks for your reply. As far as I know in my country quite large winnings are taxed, but the amount of winnings is considered in the national currency. The legal status of cryptocurrencies is largely undefined.

This is true. As you said, the legal status of cryptocurrency is uncertain. Therefore, a lot of people gamble on the blockchain and are absolutely clean before the law and the tax service.

We can play on the blockchain and generally hold cryptocurrency for a long time, but sometimes you need to withdraw funds into the national currency. In most cases, cryptocurrency is not suitable for everyday use. You may need to explain the origin of this money.

Yes, so far we are forced to convert cryptocurrency into real money - dollars, rubles, hryvnias. But I dont know how big you have to win to have to pay taxes on this income. I have not heard about people voluntarily paying out of the money they win))