Quote from: FIFA worldcup on Today at 06:24:04 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?

For that bitcoin needs to be regulated by the countries. If crypto is illegal in some countries or there is no certainty on the legalization of bitcoin in some part of the world, people won't pay any taxes on it. Governments need to think and devise a mechanism on how can they tax on bitcoin and other crypto holdings.

To impose taxes, the government should first legalize Bitcoin, because currently there are still many countries that have not legalized Bitcoin.
Unfortunately the government is too afraid of Bitcoin which will replace fiat, even though Bitcoin can be used as an alternative payment,
no need to replace fiat. With negative thoughts towards Bitcoin, some countries have decided to reject the presence of Bitcoin.
Therefore, in some countries Bitcoin owners do not need to pay taxes, because Bitcoin has not been regulated by the government.