Quote from: Dadan on May 20, 2021, 09:31:17 AM

Quote from: tvplus006 on May 16, 2021, 07:16:17 PM

Quote from: GOODCASH on April 23, 2021, 06:20:42 AM

Bitcoin is not made to apply taxes on it as Bitcoins Economic model is different. ...

Bitcoin is really not taxed, but the profits made from trading BTC are taxed. For the government, it does not matter how you got a profit, as long as taxes are paid on time. And if at some point you decide to withdraw your profit to a bank card, this will attract the attention of the fiscal service employees.

That is why some banks hate cryptocurrency. In my country, a lot of banks here don't accept money from Trading/cryptocurrency. They will either suspend your bank account or freeze it.
You need to be wise to withdraw your money here in my country. Withdrawing large money here will indeed stress you out due to its needed more works to approve it.

I imagine that your country is of a stable economy, that has very good liquidity, because it is the only way that they can track those who have crypto, very few economically developed countries that do not have any problem with BTC, in the case of countries with Hyperinflation also tend to have this type of controls, it is curious that the two opposite poles have this in common, of course there is a country that does not have any restrictions and is hyperinflationary in nature, this is the case of Venezuela, because this country is not prohibited from cryptocurrencies nor do they require any tax for using them.

The only restriction they have is for miners, who must register with a government body, of course this is to take control and know who is dedicated to this.