Government put on tax on bitcoin

[Mymikagab]

If our government imposes a tax on our goverment, it is also good that we can help our goverment and especially the poor but if the government is corrupt, i think it is not good to just help our neighbors. it's hard to get the hell we did to corrupt people

[cmacwiz]

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

My opinion is little bit different from yours. If you look the condition of bitcoin apart from your profit after government impose tax on BTC, the condition of cryptocurrency will be much better because legalization of bitcoin would obviously improve the condition and several illegal activities associated with BTC would also be stopped and I guess nation security comes first before any profit and according to me the attraction of people will not decrease if government impose tax on BTC and even the legalization of bitcoin will be very helpful to all the bitcoiner.

[Quinn Main]

If your country is bitcoin legal they put them tax.

[ninabobo]

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 dont know, because in my country will never happen. there might be a bit of noise or vice versa, I think it will cause a long debate.

[hashshashin]

There are many opinions and arguments on this subject, and each country reacts differently to crypto-currencies, but the fact that regulation and prohibition in some countries will slow down the development of crypto-currency is a fact. Even news about this, badly affect the market.

[xTz]

First, they cannot put tax on something that doesn't exist in legislation, so, they'll have to recognize the crypto assets as a currency in order to be able to tax it. If they do not accept it as a currency, then they cannot put as an income tax like a salary. So, either way they try to stop crypto, they cannot have control of digital money.
If they declare illegal in some countries, then massive fiat currencies will flow out of their country.

[lani123lani]

tax bitcoin I do not think it will happen because I believe that the government will not withdraw tax from bitcoin due to the complicated system and also the ononim properties of bitcoin.

[icanscript]

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

It is possible that in countries with a high culture of paying taxes citizens will pay money to the state. But in my country this will never happen. To control crypto currency, making profit, etc. almost impossible.

[Kurokonobasuke]

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 not really sure if this thing is possible. Bitcoin is decentralized which means governments has no definite control of it including the tax on every transactions. That is the advantage of Bitcoin but if ever this thing will happen, I don't think that it will push its users away from investing to Bitcoin since it is still profitable .

[myhometalk]

I'm gonna do my best to still use it while avoiding to stuff the pockets of bureaucrats.

[Odora]

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 think it does not matter if Bitcoin is taxed, Bitcoin automatically has been recognized by the country and allowed to circulate...

[Mrsun78]

I think governments' tax will make the market legitimate. as a result of this, all platforms will guarantee your investment and there will be no excuses to transfer money. tax % is also important because you can't put a random tax just because it's easy to earn

[irienoodles]

If it will be taxed, the attention to it will grow because of the fact that it got noticed,by tHe government, which means that it is legit. I have seen accounting procedures for crypto currency at the internet, i think there are countries who are already imposing tax on it.

[Cryptoshops]

They cant tax Bitcoin but they can tax if you exchange into Fiat money  South Africa are allready talking about doing this

https://www.enca.com/money/sars-could-soon-tax-your-bitcoin-revenue

[BlasterS]

it is good for the government to put a tax on bitcoin and it is also good for bitcoin because of they pay taxes to the government the government will accept bitcoin as legal way of earnings money online.

[lesinset]

The profit may decrease specially in our corrupt country but I think the users won't decrease that much since we are still earning even if taxes are collected.

[Soots]

If our government imposes a tax on our goverment, it is also good that we can help our goverment and especially the poor but if the government is corrupt, i think it is not good to just help our neighbors. it's hard to get the hell we did to corrupt people

I agree, it possible that the government want some share like taxes, but as we all know the crypto currencies has no 3rd party involved like the government or any banking that will interact. I would say its possible since the bitcoin community and crypto currency community become larger as well as their value which the government we're alarm that most people on the online job have no taxes. As I remember on my school days that the government want some shares like taxes as their own constitutional law but regarding on online job I don't think if its possible. Maybe, soon on the future its possible due to the numbers of people divert to have a job in crypto currency cyberworld.

[jak3]

In the near future governments are probably planning this of implementing on people. They are going to impose it on income tax and all the ways of exporting and importing currency into the country. For current standards nobody can implement any kind of tax other than transaction charges on cryptocurrencies and that's why Government and private sectors are trying to launch their own cryptocurrency which will take over to Bitcoin and rule the whole Crypto market.

[massguru]

I used to think the same way, about consequences of taxation, but recently i’ve changed my mind. People really likes bitcoin and lots of people started getting used to the idea of taxation, including me. I don’t think that it’ll change too many things, probably people will accept this and move on.

[andrew1carlssin]

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 wonder how a TX-T ... Trasaction-Tax would look like in the blockchain ...