Quote from: Mahanton on October 28, 2021, 09:31:50 PM

Quote from: Blawpaw on October 27, 2021, 09:23:22 PM

Slovenia is one of the Cryptocurrency Tigers around Europe. Last April the Finance Ministry of Slovenia proposed a law to levy a 10% tax on all fiat-to-crypto conversions and cryptocurrency transfers. Now the country is getting ready to start taxing cryptos. Given that this will work out as an experiment in the eyes of several countries if everything goes well many other countries in Europe should follow.

Thing is, it puzzles me how are they going to tax cryptos... what sort of technics will the country develop to track all cryptocurrencies in circulation?

Actually the country where i do live in did really make out that kind of proposed bill about taxation of crypto earnings but it did turn out that everything is still on pending because how it could really be done so? If they would just focus on centralized platforms or wallets on where their citizens been cashing out or making conversion then its possible but in overall filtering then its impossible because there are lots of ways for people to cash out or convert
without passing into these platforms which means they cant really still able to do so but well lets see on how they would be implementing on things.

Expect it in the future that more rules and regulations will be impose just to be able to tax crypto in the future. Maybe as for now your country was having a problem with it but once the law in other countries like Slovenia imposes the same law in your country then there's no limit to how the government want it. And since your country doesn't seem to care that much or maybe they were just making a plan to impose a specific law or just studying how these crypto users get their money to finally detailed their plan about making a rules and regulations.