Quote from: Kelvinid on Today at 07:44:34 AM

Quote from: aprilnot on Today at 06:54:09 AM

Quote from: ConnerDalfino on June 03, 2021, 09:29:06 AM

In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?

why not, bitcoin is not completely anonymous anyway. The exchange has data for every bitcoin traded. so it could be taxed. but one thing the government should do, they should legalize the use of bitcoin and provide protection for crypto related issues. there are a lot of crypto fraud problems and so on, but the government doesn't seem to care about this just because crypto is decentralized.

That be going to happen if every Bitcoin holder will voluntarily surrenders and tell the government that they are holding Bitcoin. But I'm not sure if someone will do that when we tried to protect ourselves and keep anonymous in the state. And the other thing is that this will only possibly happen if the government already declares Bitcoin to be taxed, other than that, it all remains free. Some country has already been imposed but the majority still on the negotiation.

It is very difficult for the government to impose taxes if Bitcoin owners do not report Bitcoin ownership, because only the government can get
the data from local exchanges that have implemented KYC procedures. And I doubt a Bitcoin owner will keep all his Bitcoins on exchanges.
They will keep it anonymous, so taxing Bitcoin is still a gray area for some countries. Only countries that have legalized Bitcoin, then the government
has officially imposed a tax on Bitcoin ownership, maybe the government can get a tax from Bitcoin.