I noticed that certain country may charge tax on earning from Bitcoin trading...
20% tax on it. I think this is quite ridiculous.
That means govt sees it as a lottery.
What do you guys think?
This is ridiculous and I am wondering also if how they are going to do it, are they enforcing it via their local exchange? It will be best if you can provide some example also so we can also check whether their moves is illegal or not.
Tax is like 12% only in most of the government but most of the governments that adapt crypto currencies are not putting tax to the traders as they only ask for tax to their local exchange the same in our country.