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.

[Kakmakr]

In my country the local exchanges has to adhere to all these KYC/AML regulations, so they report to governments and they get audited as a legal business. It is your personal responsibility to report your Capital gain in the previous financial year, when you submit your income tax forms.

If you do not report these gains/profits and they pick this up when they audit these exchanges, you will face huge penalties.

[jekjekman]

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

In my own opinion that is so possible because there is a big money being involved now in the cryptocurrency and with Bitcoin itself with a almost $70 billion market cap it is no joke for the governments not to take an action in taxing it in the future. It just that governments should strengthen first their law and authorities in the virtual world before they implement such things.

Almost all things in real life now are getting modernize by the internet and that is inevitable, I think every country must put a big budget like they are doing in their military department in this kind of modern technologies because a lot of crimes are already committed online.

[deadsilent]

I don't think that's possible because they cannot even trace you and the transactions you've made. They have to list all people who use bitcoins and their wallets. This will give them hard time finding these poeple who use bitcoin. And that's why bitcoin is very hard to legalize to other countries. People may slipped out with their taxes. That's favorable for us because we can easily get away or evade taxes that government might charged us. But if you are a decent person and you think this is wrong. Then you can report your income statements to IRS. So you are clean.

[pugman]

They obviously will in the near future, because taxes are the revenue receipts of the government which help to find the budget of the each economy for a financial /fiscal/accounting year. Cryptos are playing a big role in the markets and it's popularity has become vast this very year and governments will try to benefit from it.

[0t3p0t]

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

For me yes, They will accept cryptocurrencies but will implement taxes because majority of countries accepting cryptocurrencies as a form of payment regulated exchanges and tax is included when we are about to convert Bitcoins into our local currencies. Here in my country it has been implemented and we have no problem in dealing with it yet since transactions are smooth. Sometimes it is good for us to pay taxes because it is also our contribution to the economy of what country we are living it is really a big help unless it is not in the hands of corrupt people.

[sukamasoto]

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

It's depend on each policy against cryptocurrency but usually if government have legalize bitcoin, they will put the tax for their revenue so it's reasonable but in other side, it will broke bitcoin paradigm as decentralized currency

[fiulpro]

In India the earnings through bitcoins are taxable, In fact no matter from where you earn everything is taxable thus they Haven't spared bitcoins too but this is a good fact indeed that they are recognizing it as something that is able to compete with the value of paper money , thus its not a bad thing at all in my opinion.
If the situation in India is like this yes many countries would be Thinking of adopting the same norm but still there are countries that are sparing the earnings through bitcoins to be considered for tax.

[giveen]

It is possible with the increase in popularity and increase i  demand we might see the trading fees increasing as regulation becomes a must they might charge 5% tax per trade or maybe tax will only be charged if profits are made.
This won't happen worldwide it will take lot of years for a worldwiseworldwide tax implementation on btc but in the coming years this will slowly occur.

[nmaryrai]

It is very possible, but of course the government must legalize bitcoin first because a country can only take taxes from the income that is considered legitimate by the state based on the laws of that country. Then of course the government must provide certain services such as security and access guaranteed by the government so they have a reason to take tax from bitcoiners

[Razick]

Nah. Bitcoin is too early in its development to see governments even try to enforce taxes on it at this point. It would take literally tens of thousands of people to review every crypto holder, and there are like 1000+ cryptos... no way for governments to keep track. Best bet is find a new way to tax us because as long as there is crypto people are going to use it to at least try to avoid paying them.

[HARRYscotter]

it hard to work all countries with same side but if this government fell bitcoin will have more power will try  to make some laws to limited it (Because real bank better for counties than bitcoin)

[cyberChevan]

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

Not necessarily all but majority will definitely do. This will be a good source of fund for the government since many are using cryptocurrency now. Since they cannot touch the cryptocurrency itself then they will just impose tax on the exchange so that they will profit from it. This scenario is inevitable because of the growing profitability rate and volume of cryptocurrency. Expect always the worst when the government takes action.

[Loni]

That is vain pursuit again, like taxes for blogers. There is an income and a tax for income, that's it. How did you get it, doesn't matter. If there is the fact of profit reciept, citizen have to pay a tax. Further you have to see, what is not under the tax assesment. However much bitcoins you have, while you haven't move it in fiat, you have to pay nothing. If finances came to the account, be an angel to declare it and send to tax agency. What is to devise something else for. It is already written in the low for a long ago.

[khaled0111]

They would if they could. But it's hard for them to track all transactions made from all over the world, more than that, the concept of Bitcoin is based on anonymosity, so it will be really hard to know who sent wich transaction.
But as we all know, governments will not let such a big market go away without taking a share of it. They can never accept that and maybe in the near future Bitcoin market will be more regulated and controlled. 

[BitcoinHodler]

it will always depend on the country you live it.
some of them may not even tax exchanges and some may not even have any exchanges in their country!
however this is a market something similar to Forex market and eventually if it becomes big and much more popular, surely the government will start looking into ways of taxing it.

[ramsdaj28]

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

Not all, but some countries MIGHT do that, especially to bitcoin. Altcoins are not that well-known, but bitcoin is what governments are having a hot take on. Bitcoin is very popular, and probably the most used cryptocurrency. If the governments are able to make a law that requires people to pay tax by using bitcoin, then these countries will probably take a huge benefit considering the number of bitcoin users. Well, I just hope that won't happen.

[DoublerHunter]

Government will surely do that because that is how they are going to make some profits out of the cryptocurrency exchanges. Government will always try to regulate bitcoin and they will surely make some laws that will put tax on bitcoin and other cryptocurrency exchange so they can make a living out of it even they are not investing in bitcoin.

[Lucius]

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

Too much money is in this crypto game and is not realistic that any government will renounce to collect tax.The question is just how to do it because cryptocurrencies should be anonymous and if user not convert coins in fiat there is no way to any government collect tax.Only way how they can do that is to force exchanges to give them user data or to tax exchanges maybe by their annual trade,but that would mean bigger fees for users.

What is certain that if you convert you coins to fiat depending where you live some tax probably should be paid,the question is only in what percentage.
There is an old saying "You can not escape two things in life,death and tax".

[Zorbak]

The real deal will be with DEX, they will can not control it, so if you can use crypto directly it will be a problem for them, since fiat coexists with crypto they will tax you when you transform it using services like coinbase for example

[Granxis]

The government can tax something that it wants, it is the amount of the important thing. The stock exchange companies are paying taxes. But this tax system can vary from country to country.

[LydiaBob]

It is simple: If they see that they will gain huge profit yes! Depends on the situation and the policy of every country

[asudstan]

Terribly amusing proposition. It has some fishy parts.  I will inquire more.

[neo444]

Yes the government will take action to put TAX for all Crypto Currency Exchanges because every transaction have a fee and without that fee bank will never earn money from transaction and that impossible with banks

[BILGPS]

if this is in the control of government then before some time the government will impose different types of taxes on bitcoin even in the sale and purchase of bitcoin they will impose certain charges and then the major portion of this currency will be hold by the government but this is free from government taxes and the taxes on exchanges we can say the fee for these exchanges .

[Spaffin]

Governments will unequivocally impose various exchanges and exchangers on the tax on transactions with the crypto currency in order for the citizens of this state to pay income tax. However, this will concern only those exchanges and exchangers that are located on the territory of this particular state. However, if you apply to the stock exchange, which will be located in the offshore zone or the exchange of the country where such a tax is not established for some reason, it will be possible to evade payment of this tax. The states now have really big problems with the crypto currency.