Post
Topic
Board Bitcoin Discussion
Re: Is this reasonable?
by
nullama
on 02/03/2025, 09:09:45 UTC
~snip~
It should be so but each country has its own regulations in regulating the tax system that is applied and if we consider it unreasonable, then what can be done in such a condition. My country imposes tax on crypto and I can't say it is unreasonable because even if I said so there would be no effect that could be done. If we want to be honest we hope that there is no tax imposed on crypto but the government knows there are many benefits in it so there needs to be tax.

Yeah, I think it is becoming the norm all around the world to tax Bitcoin as an asset, similar to owning shares or index funds for example.

This is probably the most reasonable way to deal with Bitcoin, since it really is an asset, and in a way this tax legitimizes it.

In the end, capital gains tax is the same for every other asset you might have, so I guess it's fair enough if you are OK with the other assets being taxed like that.

On the flip side, you also get all the benefits your country might provide, like discounts for holding the asset for more than a year, etc.