guys how to get around local tax laws and convert crypto earnings into legal fiat?
actually it's easy to solve this problem. we live to register the results of our income to the taxation agency and register the job as IT or internet marketing. register the amount of monthly income so that we will still pay us even though the actual income through crypto
It is one thing, if you really don't want to avoid paying tax then you can put to your record that you are working online or freelance.
Actually there are still no taxation law saying that crypto users are subject to paying tax. As of now, it is still under the consideration of the government (depends on the country you reside in). If crypto is legal in your country, then sooner or later, paying tax is necessary.
Expect that to happen once the government will impose taxations once the rules for crypto already being ordered. There's no way that you can avoid
as it required by the laws that every individuals who are getting salaries inside the jurisdictions of the government is subjected to pay tax to help
the country, it's an obligations that citizens needs to follow.
It is really expected but it will take a lot of time before it happens. Maybe around 5 years or more if crypto achieves popularity than it never has before. There are consequences you might face if you avoid paying tax, it is also correct that it is every individual's obligation to pay tax since our money is the one that is being used for the development of the country.