Post
Topic
Board Legal
Re: UK Tax authority wants to track your Bitcoin
by
Upgate
on 29/05/2020, 10:17:28 UTC
In my country, they wanted something similar. The difference is they offered to pay a reward to anyone able to create a 'tool' to help them to analyze transactions. No matter who you are. I would prefer they hire me instead of creating software for them. profitability first! Grin

Governments won't keep using blockchain analysis companies forever, they will create their own employment. We will see a lot of very high paying jobs created in the years to come, someone with knowledge about cryptos, especially their blockchain, could end up working for the taxes department or police with a salary as high as a company owner with thousands of employees.

The problem is not a lot of people have deep knowledge and when they have, they're already working for a tech company with a comfortable salary, making it harder to hire. The demand and supply.
Blockchain is gradually taking over the globe. Some tops producing companies are now making use of blockchain network to facilitate their working experience to more fast and efficient ways. Technology is diversifying to a concept form (blockchain)

If the UK plans for tracking bitcoin succeed, I think many countries will do the same. This will make the government to still have control over bitcoin