Government put on tax on bitcoin

[bungsoh]

We do not delude ourselves. Taxation will come sooner or later even in cryptocurrencies. I have read that in the United States the government has already recommended to indicate the earnings in cryptocurrencies in the tax return and all the other governments will find a way to tax such a rich market.

Yes. You are right. I think this is one way to apply taxation in Bitcoin. Although it is still difficult to find the right way. So a few days ago there was a country that determined all Crypto exchanges in that country had to apply KYC obligations to its users. This is one way to make it easier to find out who owns a crypto asset.
I just want to add my personal opinion. I think if a system like this is applied then it means that cryptocurrency is getting closer to the bright spot. fewer steps will be recognized by the world. So legal everywhere.

[Rustamm]

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

Of course, this option is not excluded. The government can impose a tax on every transaction in bitcoin. I read that this happened already in Poland. There, citizens were required to fill out a separate document for each transaction in bitcoin and transfer this data to the tax authorities, that is, all the difficulty in collecting such information was shifted to the shoulders of the citizens themselves. This caused massive dissatisfaction and indignant citizens are organizing a protest there. How this will end, we'll see. However, if the tax authorities themselves collect such information, then this is unlikely to be possible. It would be more reasonable to set a minimum amount of a transaction in a crypto currency that would not be taxed, and this amount should be decent enough to free everyone from fixing small amounts that do not greatly affect the size of the future tax.

[bungsoh]

Also I am convinced that the time will come to pay the taxes on the btc. I hope that the government understands the difficulties of this market, the risks and the time needed to obtain a result and decide for a fair taxation.

Do you agree if I say "Implementation of taxation in cryptocurrency will make cryptocurrency more valuable"?
Because, in my opinion, if the taxpayer applied in cryptocurrency that means crypto legal, if it is legal means bitcoin users will be calmer. No need to worry about expensive taxes. Because to be taxed the only crypto stored in the local exchange. whereas crypto owned and stored in a decentralized wallet cannot be known who owns it.
Sorry, this is just my thoughts. Please correct if this is wrong or does not make sense.

[javainn]

I do not think it would be possible if the government collects taxes from bitcoin owners as long as the taxes are in accordance with the number of coin owners and the taxes are used appropriately without being corrupted by the government officials concerned.