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

[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.