Quote from: djefes on November 07, 2019, 08:44:12 AM

Quote from: Lionel on January 26, 2019, 09:02:56 AM

More and more countries, like Chile or India, are trying to tax their citizen for the crypto they hold.

Please don't pay taxes on your coins.
You really don't need it, unless you are totally ignorant.

It's simple: they cannot prove you have the coins on your PC/phone , so you don't have nothing to pay taxes on, as far as they know.
It's just their attempt to trick the ignorants that don't know about that Wink

Even if they look for your wallet on your PC/phone ,
your wallet data is not accessible to them because it's encrypted with password ( uhm.... have you set the password protection on your wallet... right? Wink

).

Of course you are not going to give them the wallet password.

Oh.. they tell you that you withdrawn the coins from an exchange, so that's the proof you have the coins?
Just say that it was an hacker that stole your coins from the exchange, not you.
You got robbed, and you don't have to pay taxes on the money that was stolen from you, right?

P.S. for the geeks: use Veracrypt Wink

You should pay taxes if you have earned money from bitcoin. Such as you bought it from 10k and sold it for 14k. You have earned 4k and it should be taxed. Nothing more

so if I lose 4k, the taxing company will reimburse part of the loss?