Post
Topic
Board Bitcoin Discussion
Re: Government Taxing Bitcoin? Here's the Answer
by
Blackdeath
on 28/12/2019, 17:26:11 UTC
I always wonder how could an economy operate and run without taxes from cryptocurrencies. How could a government obtain taxes from people when people are completely utilizing a currency that is not supporting taxes. Would it be really good if we completely have our fiats converted to crypto? For me, there's always a way if our intention is good. We cannot really deny how government is providing regulation that is mainly for the betterment of us despite of some issues regarding corruption and frauds.

For me, the way we could still make it possible is to establish a local exchange wherein, if we convert our money to crypto, these local exchange could already have the portion intended for the tax of each transactions.
I think in my country, the government is already using and putting taxes whenever i am withdrawing my crypto in banks and legal remittances or converting my crypto into fiat by adding fees, so crypto do really support tax when i used legal remittances and even i convert all of my fiats into crypto i still need to use legal remittances just to convert them.