Quote from: JC btc on December 03, 2019, 03:09:29 PM

Quote from: Kupid002 on December 03, 2019, 02:26:44 PM

Quote from: chaoscoinz on December 03, 2019, 01:52:39 PM

Quote from: rantastic4 on March 04, 2018, 08:49:42 AM

guys how to get around local tax laws and convert crypto earnings into legal fiat?

I don't think that there is a "get around" for taxes, period. You either pay what's owed of you, or don't, and risk being audited and all of the other consequences that follow such course of actions. To convert your cryptocurrency into fiat, you have to go through a medium, usually in the form of an exchange. Which may require KYC/AML compliance.

And more of the exchange that want to widraw large balance need to make that KYC. I dont think tax will be a problem if the government ask you for your tax then give them the right amount for taxes, if you have enough money to pay why will you be affraid.

It's alright for me to have tax with my crypto earnings too for as long as this if for the benefit of my own country, why not, for as long as it is reasonable enough and not just like what most of them are implementing that they wanted to earn with our income of 20-30% which for a normal person like me is a big sum of money. So, right now, i am still enjoying the freedom for not obliging to pay tax on my crypto earnings.

I keep continue earning with bitcoin and crypto because have easy way to get earning and can start investing with less risk for other investment kind, with crypto we can manage how much profit we want depend with price up, many people like for investing with crypto and get much profit with bitcoin and altcoin very easy to get much profit.