Tax on the crypto currency! What do you think?

[Sirait]

the tax on crypto I feel is too excessive, but if the country wants to protect the cryptocurrency and legalize it, I think it's very good and not outrageous, but if they only want taxes from cryptocurrency without protecting cryptocurrencies, I think it's very bad...

[nightfury]

If that's going to happen as government will regulate the use of cryptocurrencies including my country, then so be it. I will abide on it and give a fraction of my crypto earnings as tax. I think that's fine rather than having a total ban of crypto.

[Gastotade]

If that's going to happen as government will regulate the use of cryptocurrencies including my country, then so be it. I will abide on it and give a fraction of my crypto earnings as tax. I think that's fine rather than having a total ban of crypto.

It will be hard to implement, they can add tax on companies or buildings accepting it but not on every individual using it. It will took time to implement it.

[DRVX]

I believe that the best option for a cryptocurrency tax may be a tax on converting crypto to fiat, since This method is the most transparent and easily traceable. The only negative side for the state in this case will be only the possibility of making a transaction bypassing the transfer to fiat.

Probably, these operations will be taxed sooner or later. As for the other taxes for the cryptocurrency, I do not think that something like that is possible in the nearest future

[kripkiki12]

There will certainly be a clear regulation at some point. Thing is, some governments already took time and took measures while others simply not paying that much attention to crypto just yet. I believe there will be a cross-country regulations in the near future

[Akpuv]

Tax, according to the laws of any nation should be paid by businesses. Since most people have taken up cryptocurrency as a business, then they should pay whatever tax that is due.

[Spaffin]

We will have to pay taxes on profits from operations in cryptocurrency, this is the real way for legalization of cryptocurrency by the state. However, if the state sets a too large percentage of such a tax, given that it is very difficult to determine its size for every citizen, people will shy away from paying such a tax, in any case, at least partially.
Tax on cryptocurrency should be small, then it will pay.

[niublity]

This is an event that cannot be determined. No one can predict the future cryptocurrency market, but taxation may be a way of securitization of cryptocurrencies, which may represent a combination of future stock markets and cryptocurrencies. But it is still uncertain.

[will2500]

If cryptocurrency will be legalized in all countries, then every person who will be associated with a cryptocurrency will be forced to pay taxes because that is the law of each country and we cannot get anywhere from it.

[yitzjoe]

it seems difficult to implement tax on crypto, but if this continues and crypto users are getting more and more, then we must think deeply about the tax, because crypto can be called an investment and most investments in many countries are taxed with different regulations and quantities depending on crypto record and the government in that country

[dimox]

i think, tax here is how much people get gross profit, and it will take by percentage. if you have company like exchanger, its same like that but you need to make lisence to government, but for trader i think no tax must be pay.
i ever watch and i dont know that is true or not, expert said that tax crypto until 20% from your profit. and its doesnt make any sense because that is high value

[randyg29]

I agree of having a tax in any transaction worldwide to a better support in our economy but what I think it is hard to implement in any country because we know that it is not legalized most in any country like here in my country it is not yet legalized but still I can use it in some establishments to pay my bills and which is so good.

[yatogami]

The introduction of any kind of taxation on cryptocurrencies will definitely reduce their popularity and disengage potential users and investors.
Anyway, I think that the discussion about the necessity of imposing tax on crypto will go on for another several years until the moment when governments crearly define the status of crypto - whether it is an asset or a method of payment.

[brooklynian]

I think that tax payment to the government is the whole essence of the government's motivation towards cryptocurrency regulations. Meanwhile, you often find out in some countries that the taxpayers money is often stolen, which means that cryptocurrency holder may want to avoid tax as much as possible.

[Conasse]

It's not a bad idea firstly. It's just the percentage to pay that makes me wonder if they are still on their right mind. Here they were thinking first to tax it by up to 60% which is insane.

[OrangeSeller]

Tax, according to the laws of any nation should be paid by businesses. Since most people have taken up cryptocurrency as a business, then they should pay whatever tax that is due.

you are right.. lots of new crypto startups. such as ICOs . Exchanges and other Startups are registering themselves. and being incorporated under Govt. so they must pay the taxes as well. I think legit and big crypto startups which are incorporated under govt are paying tax. otherwise, how could govt let them continue the work. Binance earning millions of $$$ every month in profit. they must pay the tax.

[walemil]

Imposing tax on cryptocurrency by government is not good enough to me. If you have your cryptocurrency as cryptocurrency without converting it to fiat currency in other to do local business, then I think you should be excused from paying tax. 

[Rrotess]

I don't think about taxes. I have an opportunity not to pay them and I won't do it. The government should make the tax but not to extort him. Do you see government support for all participants in the cryptocurrency market? What to pay tax for? I hope that someday I will have the opportunity not to use Fiat and I will not interfere with the government at all.

Exactly. People won't pay for that if they won't support us back in crypto. This is just a give-and-take business, everyone. We should at least fight for what is right.

[LieTOme]

maybe what we think about for the first time is certainly a reduction in our profits in investing, if my thinking is if there is a security tax and our comfort in investment can be guaranteed and the tax is not burdensome of course many investors who agree with the tax

[Ahimoth]

maybe what we think about for the first time is certainly a reduction in our profits in investing, if my thinking is if there is a security tax and our comfort in investment can be guaranteed and the tax is not burdensome of course many investors who agree with the tax

I think if cryptocurrency put tax surely many of us will be sad because the proft we might get in crypto are not whole because we need to pay tax and its depend how much profit we get, the higher the earning we get the higher tax collected. But since crypto is decentralized there is no tax to pay that's why the earning we get are only to us.