Thank you for the comment. I realy think that most of it is the result of regulation. Though I do not know enough about Japan, but in germany companies pay a lot of money to meet legal requirements. If they have to report every costumers and prove their identity to the financal department, that takes a lot of work.
I suspect we'll start seeing similar withdrawals in the United States, as well. There's an awful lot of concern over tax regulations that started this year. We're going to need to track all of our transactions (who does that?) and report each one with our taxes next year.
:D "Benjamin Franklin: Two things are certain in life: death and taxes!"
It is no surprise the governments want their share. Keeping track is not that hard. Just have to adopt methods from accountancy. Only thing is that this will take time and effort.
As far as governments are concerned: we should give them their share, which is zero. It' s not like they give any added value to cryptos. On the contrary.
Thank you for the comment. I realy think that most of it is the result of regulation. Though I do not know enough about Japan, but in germany companies pay a lot of money to meet legal requirements. If they have to report every costumers and prove their identity to the financal department, that takes a lot of work.
I suspect we'll start seeing similar withdrawals in the United States, as well. There's an awful lot of concern over tax regulations that started this year. We're going to need to track all of our transactions (who does that?) and report each one with our taxes next year.
:D "Benjamin Franklin: Two things are certain in life: death and taxes!"
It is no surprise the governments want their share. Keeping track is not that hard. Just have to adopt methods from accountancy. Only thing is that this will take time and effort.
As far as governments are concerned: we should give them their share, which is zero. It' s not like they give any added value to cryptos. On the contrary.