do the government will take action to put TAX for all Crypto Currency Exchanges?

[needfix24]

Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?

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[iram1011]

All the countries of the world don't work as an union. They all have their policies. You can't expect every country to put tax or leaglize crypto. Many will ban them, many will keep them tax free, many will for sometime won't take any decision regarding them and many will regulate it. It is highly country dependent.

[rcoins0720]

every country have their own laws policies and rules that will go to their own citizens
they will vary and not all country will accept that despite how bitcoin works
if they put that they will gave big amount of money because of the process it will take to put taxes in every transaction that will make by use of BITCOIN
then if they do that its their own thing 

[jseverson]

The way I see it, if any government does decide to regulate and tax Bitcoins, keeping an eye on exchanges is the way to do it. There would be no way to monitor every single person and every single one of their transactions. They would have to depend on the individual's honesty and integrity to file the proper taxes, which would honestly be not much better than not taxing at all. The way things are now, you could move massive amounts of Bitcoins and not have any use for them because very few stores accept them. In the end, you're going to have to convert them to fiat, and the most efficient way of doing that is through exchanges. This way, if you impose taxes on exchanges, then you've effectively taxed majority of a person's transactions.

I would honestly rather live in a world where Bitcoins and exchanges aren't regulated, but even regulations have positives, especially when it comes to getting Bitcoins into the mainstream. Right now we'll just have to wait and see how things go.

[needfix24]

The way I see it, if any government does decide to regulate and tax Bitcoins, keeping an eye on exchanges is the way to do it. There would be no way to monitor every single person and every single one of their transactions. They would have to depend on the individual's honesty and integrity to file the proper taxes, which would honestly be not much better than not taxing at all. The way things are now, you could move massive amounts of Bitcoins and not have any use for them because very few stores accept them. In the end, you're going to have to convert them to fiat, and the most efficient way of doing that is through exchanges. This way, if you impose taxes on exchanges, then you've effectively taxed majority of a person's transactions.

I would honestly rather live in a world where Bitcoins and exchanges aren't regulated, but even regulations have positives, especially when it comes to getting Bitcoins into the mainstream. Right now we'll just have to wait and see how things go.

And also , there are some people still dont know how crypto works in our world.. So maybe that is one of a factor to be considered when their thinking about putting taxes on the said cryptos. What do u think.?

[Singwala]

Here in our country legally the bitcoins used by the people. So it's free if I change my bitcoins to money. But it has policies implemented. Just like handling large money people in bitcoins. It is being investigated and they know where the bitcoins we've been.

[harizen]

Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?

For exchangers, yes.

For an exchanger to fully runs and operately legitimately they need to be a legal company and they need to listed on governments premises. And because of that, exchangers faces taxes like any normal companies and businesses. That's why they are also following governments rules about money system.

[iram1011]

The way I see it, if any government does decide to regulate and tax Bitcoins, keeping an eye on exchanges is the way to do it. There would be no way to monitor every single person and every single one of their transactions. They would have to depend on the individual's honesty and integrity to file the proper taxes, which would honestly be not much better than not taxing at all. The way things are now, you could move massive amounts of Bitcoins and not have any use for them because very few stores accept them. In the end, you're going to have to convert them to fiat, and the most efficient way of doing that is through exchanges. This way, if you impose taxes on exchanges, then you've effectively taxed majority of a person's transactions.

I would honestly rather live in a world where Bitcoins and exchanges aren't regulated, but even regulations have positives, especially when it comes to getting Bitcoins into the mainstream. Right now we'll just have to wait and see how things go.

There are many ways to completely regulate Bitcoin for government and if someone convert Bitcoin to fiat and they can easily tax them. The major way will be to close down every exchange of the country and that would be easy since exchange needs bank and open a government regulated exchange where they can monitor the inflow and outflow of money and keep a check. This is what I think China is going to do by launching their own cryptocurrency.

Bitcoin can stay anonymous and out of government control till they are on internet as crypto. Once they are converted to fiat, government have many ways to regulate them. The things is bitcoin still isn't a bigger a phenomenon that countries need to fear or do something major about or against it.

[shimbark123]

No actually what we are doing right now is online job. An online job doesn't have any tax. With that, without any tax it means that government isn't in control with cryptocurrency. So it will be a no.

[Don Pedro Dinero]

Yes, I think exchanges will be regulated and they will have to pay taxes in most countries. The same happened with most online fiat casinos years ago. They were unregulated and the majority of them were operating from tax havens. When most governments realized they were losing tax income they regulated them.

That doesn’t mean that all governments around the globe are going to do it, but I bet they will be regulated in most of them.

[lalabotax]

Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?

I think not, because not all has been legal, and about the legal issues that govern it in my country does not yet exist. but maybe if it has been in legalkan there will be taxation issues.

[nydiacaskey01]

If those exchanges need to be registered and regulated by the government from the moment they send their company details they are bound to pay taxes unless theres a law in that country that excepts them from paying taxes and thats for exchangers only. But for crypto users, thats going to be hard for the government to impose since who will proactively declare (private individual) how much they earn from their Bitcoin business.

I hope the government initiates something like 3-5 years moratorium for exchangers to start paying taxes so that it will encourage others to set up a business like Bitcoin exchanges to eliminate possible monopoly.

[Cmoh]

Tax may be levied on Bitcoin transactions by Govt. future. But if levied then the transactions cost would be very high and people may reluctant to transact with this coin. Hence price would come down . But, again the conversion from Bitcoin to fiat or local currency is also high but reasonable. If tax levied then people opt for another method of payment or other crypto coin. May be Dogecoin will be the next Bitcoin because now the transaction cost over the Doge blockchain network is very low.

[BTC Turkiye]

I~m sure they`re trying super hard but it wont be easy for sure. So they may just keep trying to see what they can get out of it

[Brama Jasa]

Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?

I think it may be bro, because it can increase the income of the state, of course it will cause problems, if it happens I hope the best so that we who have long in the world bitcoin not harmed

[Jovovich]

Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?

I think it may be bro, because it can increase the income of the state, of course it will cause problems, if it happens I hope the best so that we who have long in the world bitcoin not harmed

It is really hard to put tax especially for virtual currencies. The main issue for government is if it would be used in illegal activities in there own state and they can't track on who has how much in wallet. Although it can be taxed if it is converted to fiat currency but still even someone in a country can make transactions outside the its own country.

[pooya87]

well, altcoins are all investments so the same way you pay taxes when you trade stocks or penny stocks then you must pay taxes when you trade altcoins too. there is nothing out of the ordinary about that.
as for bitcoin the tax laws are a little different since bitcoin is both an investment (something people trade) and also a currency. so some countries ignore the currency part and call it a commodity to tax it easier, some like Japan and Australia treat it as it is, meaning when you trade it you pay taxes and when you use it as a currency to buy stuff you don't pay any taxes.

[jseverson]

The way I see it, if any government does decide to regulate and tax Bitcoins, keeping an eye on exchanges is the way to do it. There would be no way to monitor every single person and every single one of their transactions. They would have to depend on the individual's honesty and integrity to file the proper taxes, which would honestly be not much better than not taxing at all. The way things are now, you could move massive amounts of Bitcoins and not have any use for them because very few stores accept them. In the end, you're going to have to convert them to fiat, and the most efficient way of doing that is through exchanges. This way, if you impose taxes on exchanges, then you've effectively taxed majority of a person's transactions.

I would honestly rather live in a world where Bitcoins and exchanges aren't regulated, but even regulations have positives, especially when it comes to getting Bitcoins into the mainstream. Right now we'll just have to wait and see how things go.

There are many ways to completely regulate Bitcoin for government and if someone convert Bitcoin to fiat and they can easily tax them. The major way will be to close down every exchange of the country and that would be easy since exchange needs bank and open a government regulated exchange where they can monitor the inflow and outflow of money and keep a check. This is what I think China is going to do by launching their own cryptocurrency.

Bitcoin can stay anonymous and out of government control till they are on internet as crypto. Once they are converted to fiat, government have many ways to regulate them. The things is bitcoin still isn't a bigger a phenomenon that countries need to fear or do something major about or against it.

Yeah, this is my point in a nutshell. That's why I was saying that governments that are looking to tax cryptocurrencies are most definitely going to keep an eye on exchanges. Bitcoins aren't anonymous at that stage anymore since most exchanges ask for a bank account to deposit fiat to. It would also serve as a way to protect their own currency, as they will be able to monitor the flow of money. It definitely won't be as easy for money launderers to do business.

Regarding Bitcoin as a phenomenon though, it's not big enough now, but we're already seeing more and more countries taking a stance. This is a sign that it's growing, and I only hope they don't take steps to stifle that growth. Blockchain technology is the future, and cryptocurrencies are just one of the many applications. They should at least keep it around and see how it evolves.

[johnwest]

The governments work on taxes and right now they are seeing Crypto currencies as an obstacle for collecting taxes from common man. Eventually they will start making policies for imposing taxes on transactions.

[Vatimins]

Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?

Dude! This clearly is the dream of every government! I mean, imagine how much money every government would gain if all of these coins existing in the crypto world would have to pay taxes to the governments. Plus all the transactions that would be required to pay taxes that would depend on the amount sent. If this isn’t enough to make governments drool on the thought, then I say we have great governments. But I really think they would do it if they could.