RE: Market update Wednesday February 21th 2018. Elliot wave theory, positive on ETC, Coinbase finished testing Segwit
Could that logic be applied to Bitcoin and other crypto as well you think? Bitcoin is not in norway...or anywhere else for that matter..
I think you make a very good argument. Is Steem any less convertible than Bitcoin? Both can be converted in Fiat. Steem - bitcoin - fiat.
We have to pay tax on ALL trades. If we trade steem for bitcoin - with a profit, we have to pay tax on that particular trade. So imagine all the transactions I have between SBD and STEEM..ICO's..bitcoin to steem, steem to eth..erc20 tokens..bla bla..It will take me years to find the documentation..
Thing is, they consider it securities. If I trade foreign stocks I have to pay taxes to Norway if I profit. Same with crypto currencies. Thats just how they define them here. They are taxed exactly the same way stocks and securities are. Steemit is considered a security not a job I think. Or actually..they probably have no clue what Steemit is. So who knows.
My long experience with the country where not a single man is obeying (all the) rules.
Something is illegal until large number of people is doing that illegal thing.
After that critical point, not a single government will impose the law - because it can't.