Quote from: EarnOnVictor on August 03, 2025, 04:29:02 AM

Quote from: Abiky on August 02, 2025, 02:21:38 AM

But I'm curious to know which countries have the highest taxes? And do you think there's a chance they will lower them in the future?

To begin with, cryptocurrency should be tax-free if the government were fair. But they want to tax everything because they are greedy and will not care if anyone loses their investment in that same cryptocurrency.

However it doesn't work that way, and it's not possible to be tax-free. Let's say you hold around $1,000 in fiat currency and use it to trade crypto, successfully turning $1,000 into $10,000. That means when you withdraw from crypto back to fiat currency, there is a capital gain of $9,000. If there is automatic tax exemption, your country loses potential revenue. Unless you're prepared for hyperinflation, no matter how large the profit, it's like there's no tangible result when you convert back to fiat.