Post
Topic
Board Trading Discussion
Re: Bitcoin is not made to apply taxes on it - BTC economic model is different
by
Fatunad
on 21/05/2021, 19:26:15 UTC
Bitcoin is not made to apply taxes on it - BTC economic model is different

Bitcoin is not made to apply taxes on it as Bitcoins Economic model is different. If governments want to earn money through cryptocurrency, they must invest in it. It is upto governments to buy Crypto using their reserves and hold it instead of applying taxes as taxes cannot help much since there are privacy USDs.
Do you really think that government would just let pass into those people who had earning lots compared to those who had typical day jobs?
Its already anticipated that government would really be finding ways on extracting out taxes out of those earners here in cryptocurrency which is really something huge and shouldnt really be passed.
Even if your personal opinion talks about that bitcoin isnt made to apply taxes on it but remember that those services out there connected with crypto transactions can easily be imposed or implement
or subject for them to follow up regulations which simply means that they wont really be having any choice but to comply or else say good bye into their business.