Post
Topic
Board Bitcoin Discussion
Re: Government Taxing Bitcoin? Here's the Answer
by
bettercrypto
on 30/12/2019, 12:02:33 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.
Deregulation sometimes is a bane. In terms of economic growth, taxes are the most helpful way to fund the government. To maintain and stabilize the countries uncountable needs, taxes is really needed. But due to the graft and corruption, the treasury fund will always be corrupted by politicians. They used it to buy their own things instead of funding a project that helps to boost the industry. And crypto is an answer to that question. We don't need to eliminate tax, we need transparency.