Re: crypto earnings

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 is 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 obligation that citizens need to follow.

There's no doubt. After the cryptocurrencies been added to the constitution of one country you can guarantee that they will impose taxation. Fortunately, we have no law regarding this matter so I can freely spend some of my coins without paying any taxes. Cryptocurrency and blockchain is very promising technology indeed and I have no issue about getting a tax on it because I do believe this will have an impact on the improvement of one place especially on third world countries.

We are earning a lot of money without paying any taxes that is why I think the government wants to regulate or give tax to us crypto traders or bounty hunters but how do they do that if they do not know who are earning, maybe the banks can give taxes but not the government because they do not know who are the group of people organizing cryptocurrency since cryptocurrency are decentralized, meaning there are no people involved managing every transaction we are making.

Yes, I agree. We are making tons of money with cryptos and this is the reason why the government would like to put taxes on it but in my country, the taxes paid in converting cryptos to fiat are through wallets and banks where the transaction happens, the government is not involved. It is not that big so I think it's fine to pay taxes through these things, after all, it is our obligation as a citizen in a country.