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RE: Japanese Crypto Coin J-Coin Is On The Way
I'm a little sceptical about central banks issuing their own currency backed crytos. It worries me because i think it will have a negative effect on bitcoin because think about it, why will central banks (gov'ts)accept an anonymous currency as super currency when they can create their own crypto they can track?@tech-trends what are your thoughts?#discussion
well when these banks make their own coins chances are they will also make their own exchanges and also there are chances that they will create an FUD that people will have to use their exchange now if the people want to use their exchange they will have to provide their details like Social Security no. etc and so they would be able to keep track of you and maybe in the future they can put taxes on cryptos
My point is that Government can track of people, but taxes on cryptos is not possible, because they don't have control. Cryptos are doing the work without the approval of government. May be I am wrong, but i am thinking in this way.
Anything legal is taxable ... if people do trading in the government exchanges and when they covert it to fiat then the Gov can put tax on it ...