You are viewing a single comment's thread from:
RE: One Bit News - Economy - Issue 15
If we are to think that the blockchain is decentralized, how can the US government imposed the would be penalties to taxpayers who have dealt in any crypto transactions? I was under the impression that there are no rules that govern the crypto businesses in the US except for the Futures which they now have introduced in the NYSE.
Hello @Mers
No country in the world need rules that govern the crypto businesses, to claim that you must pay your taxes. It is the tax rules in every country that says if you have to pay tax on your income. So you have to obey the tax laws in the country you live in.
The tax laws on income are there already.