You are viewing a single comment's thread from:
RE: Cryptocurrency Markets Post Recovery in Weekend Trading Respite
The Government does not think about cryptographic forms of money as lawful delicate or coin and will take all measures to dispense with the utilization of these cryptoassets in financing ill-conceived exercises or as a feature of the payments system.
That's a very interesting position, we don't need governments to tell us what we can and can't do. They don't have the power to tell us what money is or is not.
Also if that is their position on Cryptos then don't tax people on them.
Lets all stick together and accept Cryptos between each other and tell the governments to take a hike.
Appreciate your thoughts but Tax is other issue. Tax will be deducted when people let the government know about their cryptocurrency earnings. Cryptocurrency could be used in money laundering, and money laundering is threat to every nation's wealth. That is why goverments wants it to be regulated by some authority. And secondly cryptocurrency could be used in whitening black money. That is why governments don't want it to be legalised.