Quote from: Cimmy_revenger on January 27, 2020, 12:08:17 PM

Quote from: Debonaire217 on December 27, 2019, 11:51:00 AM

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.

This kind of thing already exists in my country, who has an exchange business, both crypto and fiat, there will be taxes incurred.
service providers usually charge it to their customers.

How it could be detected when people are trade it with fiat anonymously ? i mean if we cash out not from exchange but from each person doing transaction with escrow and without any exchange services. I think people still can hide their wealth and avoiding tax as long as the coin that they trade is decentralized