Government put on tax on bitcoin

[DimaS1574]

I think  it is reasonable from goverment side, this huge avalanche of  bitcoin activity is hard to stop, so it is better for the state to use its benefits than to try to break it.

[najmul33]

I don't think never happened that, becue government cant control the value of bitcoin and the Blockchain system. The government has nothing to do with it

[cungtrongdung1]

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

If the government makes a tax on Bitcoin of course this will make a little panic for Bitcoin users because now we all know that one of the reasons Bitcoin users is to avoid taxes if using real cash. but until now I still believe that the government will not withdraw taxes from Bitcoin because of the complicated calculation system and also the anonymously Bitcoin nature that makes bitcoin very keep secret users. there must be strong regulation as well as a very systematic understanding to be able to adopt taxes in the Bitcoin system. probably the easiest implementation can be applied to an exchange so anyone who withdraw bitcoin to real cash then that will be applied tax.

The government, if it collects taxes on crypto and recognizes it as a form of monetization, is the main reason why the country does not have cash, and I think it wants to pursue technology. 4.0.

[LordDisick]

I do not think that's possible, because the government will not know who uses bitcoin.
even if the government imposes taxes, they will have difficulty in terms of payment.

Yeah i agree it is not possible they cant make taxes in bitcoin because they cant recognize what bitcoin is.
but i think they will give higher transfer fee.

Yeah right, Its not possible because its gonna contradict the nature of bitcoin being decentralized. I do agree with transfer though for sure once bitcoin is converted to fiat its going to be taxed.

[Zarbout]

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

Governments can't tax bitcoin transactions because transactions are anonymous and they can't control the process.
Maybe they start regulating cryptos trading and tax traders based on their income in regulated exchanges.

[lyks15]

If a government put a tax on bitcoin this will be the disadvantage for us. Because when it's happend the government will get some of our income that may affect in our budget. But on the other hand it is also a good advantage for us. When government put a tax that means bitcoin is already legal. And when it became legal the us of it will be widen. And more benefits that we will get because bitcoin will be more popular to our country. But when government did not succeed to put a tax on bitcoin they will put a high tax for the accessories or instrument in bitcoin operation like internet.

[mx667]

If a government put a tax on bitcoin this will be the disadvantage for us. Because when it's happend the government will get some of our income that may affect in our budget. But on the other hand it is also a good advantage for us. When government put a tax that means bitcoin is already legal. And when it became legal the us of it will be widen. And more benefits that we will get because bitcoin will be more popular to our country. But when government did not succeed to put a tax on bitcoin they will put a high tax for the accessories or instrument in bitcoin operation like internet.

I do not think the government can put taxes on Bitcoin. We must know that the government can not interfere with Bitcoin. The government can only put taxes in banks and local currency only. If we use Bitcoin transactions, the government can not interfere and we are free to do anything. The transaction from Bitcoin is not limited by anything, we can deal with any amount yes even now Bitcoin fee is very large. We can also do transactions whenever and as much as using Bitcoin. But about the future and development of technological sophistication in the government, I do not know. Perhaps the Government will find a way to manipulate Bitcoin and society.

[Bonakid]

They cannot imposed tax on it unless they will legalized it in every country.But bitcoin is decentralized no one can gave a rule by it.Its a long due process before they found it legal.If they imposed tax on it it will affect our earnings in every features of it that we work on.

[derdgzmn30]

If that happen. It will be bad news, bitcoin might decrease.

[WhaleSlayer]

What the hell does it mean a tax on Bitcoin? Governments can tax only the FIAT money that you get when you sell Bitcoin. When Bitcoin is still Bitcoin it should not be taxable since for governments this is not money.

[ellabanana]

Since bitcoin is decentralized, I think it will be difficult to impose tax on it. But, if they will add the transaction fee, well I think it will discouraged people to embrace Cryptocurrency.

[laguseklik]

What the hell does it mean a tax on Bitcoin? Governments can tax only the FIAT money that you get when you sell Bitcoin. When Bitcoin is still Bitcoin it should not be taxable since for governments this is not money.

the government may be able to cooperate with a market exchanger if it wants to tax on bitcoins. But still the government can not control and taxes on private wallet users.

[Boojapho]

What the hell does it mean a tax on Bitcoin? Governments can tax only the FIAT money that you get when you sell Bitcoin. When Bitcoin is still Bitcoin it should not be taxable since for governments this is not money.

That's not true.  Look up barter tax center on the IRS's website.  Its all about taxing stuff that is not converted to FIAT.  I'm not saying Bitcoin exchange is a barter, just that taxes can be put on just about everything.  If its worth something, it can be taxed.

[Cofee.BLUE]

Govern ments put tax on the btc, because the demand for btc is getting higher and higher and peiple wanted it badly for their own wants, btc has a large value thats why many people are having it and buying it, but we didnt know that btc is being used in illegal for some sort of times, people use this for drugs, illegal activities and more, thats why governments are putting tax on it and for btc to be more formal. 

[sb130]

.

[piterlove]

i think that is never happened，government cant control the value of bitcoin and the Blockchain system,they  can do anything about it。
Government can do that warn people not to join.

[Anonaneadone]

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

i am agree with you that the attraction will decrease because this no tax bitcoin is one characteristics why it is famous and if the government will claim tax to this. this will be a huge effect in having more users.

[susuberuang]

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

the government levies taxes to bitcoin? it seems that it will not happen and can not, because bitcoin is not in the government wherever it is, and it makes bitcoin can not be collected by anyone except for the cost of shipping bitcoin.

[traderethereum]

What the hell does it mean a tax on Bitcoin? Governments can tax only the FIAT money that you get when you sell Bitcoin. When Bitcoin is still Bitcoin it should not be taxable since for governments this is not money.

the government may be able to cooperate with a market exchanger if it wants to tax on bitcoins. But still the government can not control and taxes on private wallet users.

they could push every market exchanger to give their customer data and analyze which account lived in their country and investigate his personal identification. and I think the government will do whatever they can do to get involved in cryptocurrency. but I don't think that the government will do with easy because cryptocurrency it's about privacy and I think they could break their own law and make a trouble for them.

[Adv Tahmina]

If the government place taxes on bitcoin it will be a big factor to those who engage in bitcoin.Bitcoin users might loose their hope for investing and using cryptocurrencies.But it will be hard for they control.Government will heed to control the value of bitcoin and control the system.