Post
Topic
Board Altcoin Discussion
Re: Regulations for crypto currencies
by
bitzizzix
on 26/10/2021, 02:58:14 UTC
if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax
tax are actually good for growing the country's economy but on the other hand our income will also decrease even only a little ,in my country there is new news that there will be a crypto tax of 0.03% which will continue to be reviewed by the government ,I personally no problem for welcome legality and with this tax I become more confident because maybe in terms of price and adoption it will be better

if government will not ruined anything about crypto aside from implementing taxes, in the long run it will be favorable to each
crypto investors, the value will continue to increase as there are usages and more end users to participate, it's a good working
relations between crypto system and the businesses and government that will start to embrace this market.
If that happens, crypto will no longer be as attractive as it is now and characteristics like freedom and complete control by one's own hands will no longer be impressive because it is part of a very unique use of crypto.
So like it or not, we have to accept the rules and taxes that we definitely follow and the profits we get are not pure because we have to pay taxes that will benefit the state or government, and for me it happens or not. it doesn't matter to me, most importantly I can still use crypto and maybe there will only be a difference if that happens.