Post
Topic
Board Bitcoin Discussion
Re: What do you think China will lose by banning Bitcoin?
by
lhrbeijing
on 28/10/2022, 01:58:45 UTC
I heard that the U.S. has a complicated tax system.

Large transfers between private individuals in China in earlier years were not even censored. I heard that it will be reviewed recently, but I have never heard of filing tax returns with the tax office.

When bitcoin was in circulation five years ago, no Chinese paid taxes to the government. Banning Bitcoin will not result in a drastic reduction in taxes.