Bitcoin to be Taxed......

[Dragon5]

You can expect everything from governments taxing pets. Even US congress included cryptocurrencies and ICOs and blockchain to its annual report, admitted 2017 year to be the year of cryptocurrencies. It will definitely impose taxes

[Koadharber]

I believe that this thing is impossible to happen. The concept won't meet this. Bitcoin is a cryptocurrency that is decentralized. The decentralization prohibits it to be taxed since it is not controlled by any government unlike fiat also it is a currency and happened to just be a profitable investment due to the high rate of increase on its market although it is not its main use or function.

But? We do know that government can impose taxes into those service which do make involvement into cryptocurrencies which is definitely can be applied into Exchangers since we do know they would need to comply governments regulation and if they decide to impose or mandate tax then they do need to follow for them to operate but talking about taxation on direct manner then its really impossible.

[bib24]

Once the government legalized the use of bitcoin its likely that the following step is to have it taxed.

[outsider99]

for my country has not been in taxes, if this can be done in my country, chances are it can avoid the abuse of bitcoin, this is a positive value. hopefully other countries also do it.

[50ouncebrew]

Taxes on bitcoin is actually a good thing regardless of what a lot of people might think, this will help keep the market stable and also keep people from abusing the coin. People would be more cautious of what they do with bitcoin if they had to account for how the coins were made in the first place, this will keep a lot of people in line and would be very good for the cryptocurrency market in general.

[KrishaBitcoin]

This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's

Taxing Crypto currencies specially Bitcoin is a part of every regulation policy in which the government could earn from Bitcoin to help their economy.How ever not all nation are collecting Bitcoin tax like the Germany in which there is no tax if they will going to use Bitcoin as currency therefore it will depend by the government to impose tax or not but anyway taxation is better than banning.

[BitunaTeam]

Tax for bitcoin must be very small to attract new investors and not to scare the existing ones.

[bitlyra]

Bitcoin is a decentralized currency and that means bitcoin can never be controlled by any kind of government. So i think bitcoin can never be taxed by any government because of decentralization factor.

[coynedterm]

This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's

I think this is the reality that we should pay tax for that all type of money which we are making earnings Because that money will go for the development of your own country only and that money will make your country grwo easily .
And also if we are making earnings in bulk then surely there should be tax system but if we are limited with small amount of earnings then I don't think that we need to pay tax at any side .
And also here we should take care that if the government of our country are allowing to use cryptourrency with tax then we should use without any problem or quarrel Because there are many countries which banned cryptourrency , so it will be more better to make use of cryptourrency with under the government laws of your country .

[junkievanillae]

Thanks for the information. I am a newbie and collecting all these informations thanks

[Friskaadew]

I think the US government is quite a bit of time away from taxing btc straight up. They will continue to just tax it when converted to USD as much as they can.

[Thamon]

 A growing number of people are getting their share of the bitcoin pie, but paying taxes on bitcoin may need some explaining.
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[kucritt]

set the tax for the bitcoin i think the best way and of course better than banned bitcoin in a coutnry, maybe another country that want to banned bitcoin can use this method to tax people that have bitcoin, the bitcoiner will agree with this rules and dont banned bitcoin

[Janation]

I think the US government is quite a bit of time away from taxing btc straight up. They will continue to just tax it when converted to USD as much as they can.

I don't get what you are saying. Bitcoin may not be taxed but I think if the government will be doing it, we can't do nothing to it we will just be following the rules. And don't think that is a bit harsh putting more fee on converting Bitcoin to USD? That will force people to just buy on exchanges than converting their Bitcoin right?

[Obeng ketok]

This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's

this is good news and very meaningful. because this will drive the bitcoin price hike awaited investors who have invested bitcoin.

[CherRic]

This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's

I beleive there will be no problem if governments will put tax to bitcoin because it will be more legal globally. With this, more and more people will come out doing bitcoin and other cryptocurrencies. However, governments will hardly get tax from bitcoin because it is located online.

[bajingluncat]

if with the tax will make btc legalized in all countries why not, as long as the count is reliable and reliable it does not matter, after all we are accustomed to income tax, but that process buth process and system that must be studied carefully so that no party feel harmed
 

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[Wong Goblog]

For a country that has legalized bitcoin then levying taxes is a good thing, but if the government banned bitcoin of course this is a shame, I think the state should legalize first before levying taxes, if the government wants to levy taxes while bitcoin on banned course this is a shame.

[rhenz01]

This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's

Actually any transaction that engaged money or properties are subject to be taxed by the government but they should legalize first prior they impose taxes on bitcoin transactions.

[nebiki]

I agree with bitcoin taxed by the government because with bitcoin in the exact tax for use and bitcoin will also have a legal umbrella and can help the country's economy as well