Government Furious

[daarul50]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

[1714872569]

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[rowel21]

 until now  government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something 
but its better to collect tax in a bitcoi earner than to provoke the government  and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall

[BartS]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Tell me and who is going to force those laws, how they are going to make people pay for each transaction, how they can even proof if a transaction took place, people could always argue that they are sending money from one of address to another address that belongs to them, this is no really different than taking money from your left pocket and moving your money  to your right pocket there was no transaction, this happens all the time on the blockchain when people move funds from one  address to another so unless you are able to link the identities of people to their addresses this is going to be impossible.

[darkangel11]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country.

No, if we divide this capitalization between the countries it will be like a grain of sand. Big private companies are bringing much more revenue than a fully regulated crypto economy would. At least at this stage. Also, governments are getting their share from BTC to fiat transactions. Do you think it's not enough?

Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

No, it shouldn't. Are you supposed to pay taxes when you're exchanging pokemon cards with your friends. Do you have to pay tax when you're trading gold in world of warcraft? Why should you have to pay for changing one cryptocurrency into another, especially when both of them aren't recognized by the government as a currency and a means of payment.

[Haterstestbtc]

Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed.

[richardsNY]

In no shape or form should users be obliged to pay tax over their transactions, except from a few cases and situations. I don't even understand why you make an issue out of the fact that currently the majority of the transactions aren't getting taxed. Governments understand that they can't just tax anything and everything just because value is being moved from one place to another. On top of that, it also depends per country what Bitcoin is classified as, and based on that you may end up having to pay tax in certain situations. From there it's up to the people to pay their taxes out of free will, because if you aren't using centralized services, you basically have no usable trail/profile anywhere, and thus can't be held responsible for whatever actions.

[Dutchyyy]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Actually the Governments are taking their fair cut on every crypto->fiat transaction. In most cases you are obligated to pay 10%-39% Capital Gain taxes. It's inevitable if you receive the money in a bank account.

But they wants more... greedy a**holes.

[JoshMart]

In my opinion, taxes should not apply to crypto transactions. One of the reasons why people trade or transact using crypto's would be due to it being untraceable and anonymous. Second, it's digital. The only problem will come around if we're not careful and smart about cashing out. Then again, there are some exchanges that can do that for us. Also, I don't think that a lot of people (if not all) will probably be not that comfortable in having crypto's be centralized or regulated.

[ylnar123]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

There some countries tried to regulate the flow of Bitcoin in their country which the central bank made a centralized wallet to gain fees from internal exchanges. Though transaction fees are much lesser than the external exchanges, they assure that money in your wallet is secured. That is how other countries do to have taxation on our Bitcoin transactions. Instead of banning, they made regulations to have income from Bitcoin.

[Indrawan77]

The government is furious about btc because it can't do anything to stop.people from doing transaction using btc, that is why now the government coming with an idea to regulate bitcoin, actually we don't comfortable to be watched by the government, but its better to be watched rather than btc being banned, my guess the government going to need us to report our crypto wwalth and provide the documents to verify our identity

[ganlianshifu1]

Some countries have already started to levy taxes on BTC transactions!

Define them as assets and collect VAT and property income tax in BTC transactions!

To some extent, BTC is legal!

[randythered]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Right now tax should apply, bitcoin is not a local currency and until that time tax should be levied. Governments have a real difficult time levying that tax and the easier route is to penalize all those dealing in cryptocurrencies to spite the few who do not pay their taxed and avoid the millions in dollars of tax revenue,

[alroys]

I think that is necessary, the government imposed a tax on every Bitcoin transaction. whether a government does not have the power to make that rule, because I think if we are already in taxes that means Bitcoin has Legal in that country, and we are Bitcoin players, Can be calm in playing Bitcoin.

[Bonsaiav]

Government furious is a stupid and selfish government behavior, they aren't able to take advantage of the existing situation or is happening.
Actually, there are ideas which can be used by the government to earn the benefit of crypto, among others:

1. The government should legalize crypto, then there will be many transactions that occur in the exchange account (online wallet).

2. The government must create an online wallet managed by state-owned banks. Then the bank/government will earn revenue from transaction fees incurred.

Perhaps, that way the government can fix its regulation which I think was unclear and certainly unwarranted

[boboking]

I do not agree that we need to pay taxes on transactions whatever coin it is. If government decided to put taxes on transaction i think that will be a death blow to crypto currency.

For taxing in trading or capital gains Yes i can deal with that as it is also done in stocks and other market.

[Hannana01]

Successfully regulating cryptocurrencies is a difficult and long process for countries, as we've seen over the last few months. That's especially true when there are numerous regulatory bodies in a country that all want to take a different approach. And, even as some countries like China clamp down on cryptocurrencies, companies are finding ways to bypass the bans. Regulating cryptocurrencies instead of banning them is likely going to be a good approach. It seems that governments have now woken up to both the opportunities and the threats of cryptocurrencies, and are now looking to regulate them in a way that affords them both benefits from the taxes, while also preventing illegal activity such as money laundering. However, Russia especially has been very indecisive when it comes to its stance on cryptocurrencies, and it remains to be seen whether this will be its final approach.

[frowsiter]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Tax is not the thing which government should always impose on you. It is something that you should be paying at your will. I have paid my all taxes which were from the bitcoin conversion to fiat currency into my bank account. I am keeping it very simple by paying taxes, the simplicity in terms of clean cheat. Neither government can blame on me that from where the big money is coming and nor I will be in stress all the time waiting the income tax department to hit my doors. LOL.

So to help each country to improve themselves then it is the responsibility of the individual to pay the taxes whether or not their government has any rules and regulations.

[marcbitcoins]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Every country that will adapt or legalize Bitcoin should benefit thru Bitcoin tax in order to help their economy to become strong in which one of the benefits that every country must enjoy. If the country will not get any benefit by adapting Bitcoin then we should expect total banning of it and most of the country will not support Bitcoin anymore. So therefore it is right for every country to collect Bitcoin tax thru regulation in order for the people will continue to enjoy Bitcoin income legally.

[timerland]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I honestly just would like to see bitcoin treated the same way as foreign currencies are, or even gold/silver.

Simply doing bitcoin transactions should not incur any taxes. Makes no sense to do so, it's like saying you're going to be taxed every single time you give someone else money regardless of the reason.

What I see with a some countries though is that VAT is added to bitcoin purchases, and CGT is applied when you cash out your bitcoin. Make up your mind, governments. You can't say that bitcoin is both a consumer good and an investment asset. This kind of double taxing shouldn't be happening. Also, apparently in Australia they are also planning on adding a tax for crypto to crypto trades. I get that there may be a tax for crypto to fiat trades, but crypto to crypto, you serious? That's like saying swapping collectibles with someone will incur a tax. Makes no sense to me.

[jcarlo]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

[Ilegendph]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

The problem with the government is they are too hasty to get their payment in the form of taxes. It is clearly stated that you only be taxed if you used resources  from that state or country and since bitcoin is not owned by anyone, therefore, the government cant do such actions. The regulations done in some government system regarding cryptocurrency helps a lot in determining weather that digital asset is taxable or not.

[Kingofbitcoin12345]

The government officials are voted upon by the citizen of one country that is mandated to uphold the law and take regulation to improve the life and countries financial reserves.. In short,, we can’t blame them on taking such action,, for it is also our responsibility to help for the development of our nation.. I’m not anti regulation or anti cryptocurrency as stated obvious,, I’m on fairness and equality on both side..

[trecore4]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Once they start regulating the bitcoin then they will start tracking the bitcoin transaction and will be able to fine tune the process of taxation for the bitcoin transaction. For now it is really impossible to track the transaction exactly as people dont really do it straight. They will blend all the transaction and may trick the government to avoid the taxes and thus the whole thing creates problems. Also tell you what, because of such behaviour government is also tired of crypto currency and who knows they might ban the crypto completely. However I am saying that with very low confidence. So, the only thing they can do is, get the regulations done -> start tracking BTC transactions -> ask for proof of transaction -> ask for filing of the taxes.

[kier010]

taxes goes to government to help the country. we can't blame government for what they are doing because they do it for their people and their country to progress. users have their point but on the other side government have also their point.

[usekevin]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

The government of some countries like South Korea is start to regulate the bitcoin. They are lot of transcation undergoing in South Korea as compared to other Asian countries. After some months, the people of South Korea, have to pay a tax.Luckily I was not from South Korea.

[cah ndablek]

If the government feels angry in the presence of bitcoin would be better if made new rules about taxation issues.In addition to create a sense of comfort the traders actually taxation is also able to make an income for the country in the future and can be more developed again.

[hataman]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

that's right sir. it is the thing that makes the government do not like the existence of bitcoin. if there is a tax they may be silent and suddenly like bitcoin because the result of bitcoin is much more and this makes the government get more taxes than the transaction tax of paper money.

[Olrac]

Government will always be furious with crypto, why?? because bitcoin has captured people's trust. More people are investing in it which means more profits and more money. Yes, there's huge income in bitcoin and that's what the government is chasing. They're just after the money and nothing else.

[Hazaki]

Governments are furious because they aren't gaining anything back from the cryptocurrencies industries , moreover they are giving electricity in cheap cost for people to make their mining farms work with it and make fortunes and the government gets nada ..
Regulations must be made for miners i think , but simple holders shouldn't be concerned in any government decision .

[Harlot]

If the government will apply taxes to Bitcoin transactions what will it be called then? Because I don't think you can even count transactions as an excise tax as the sender of the BTC is the one shouldering the transaction. Taxing it would only make things worst for any BTC users. If the government has something to worry about its not the transactions itself but people who will try to evade or falsify their true Bitcoin earnings which can be really bad for their economy. The quickest fix to that is of course regulation which majority of the governments who are supporting BTC are doing.

[NoNetwork]

They don't really need to tax you.

In my country, what they did was, they regulated every cryptocurrency here. So whenever you wanted to convert let say Bitcoin into fiat (money), it will surely have fixed fees depending on the amount of what you wanted to convert. Also, here you can Bitcoin into specific Banks and will automatically be converted into fiat, though there may be no fee but at least they regulates it.

Since it was implemented here pretty quickly, personally I think its still convenient, and I think the fees are not that very high, so I'm used to it.

[Sorento]

I don't see any problem with the government taxing exchanges to help in boosting the economy of the country... My humble submission.

[CHENIEN]

Governments has already a benifits from the people who gain from bitcoin business transactions. Like for instance, a certain person who become financially stable because of bitcoin, and they build a big business establishments which is legally paying taxes into government so difinitely bitcoin has already contributes big impact of economic development even bitcoin is not directly paying taxes.

[stompix]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Oh but they do get them.

I've bought last week a cpu from a store that accepts bitcoins.
Guess what I also did pay. VAT!!!
As long as you buy something with BTC from a store you will always pay VAT and the government will get it.

You send BTC to a friend? Of course you don't pay taxes.
But you wouldn't have paid taxes if you would have sent him fiat either.

Tell me where is the government losing money?

[jaysabi]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Tax already applies to anyone dealing in bitcoin. Revenue is revenue regardless of what form it comes in. No company is exempt from paying income tax just because they accepted bitcoin payments, just like to company is exempt from paying income taxes just because they took cash payments. People ascribe a lot of government hostility to bitcoin that either doesn't exist or exists for reasons that aren't at all reflective of reality, like this post trying to say that nobody pays taxes related to bitcoin transactions.

[papashark]

Thats why the government is fear of crypto currency because people can transact now without using their fiat but by using only crypto. The people can by pass the tax thats why the government sending FUD to make people leave the crypto.
But as for me and my friends. I'll stay holding my cryptos. Thanks theres trezor and nano ledger.

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

[IMAR]

I'm sure time will come that governments of all counties will regulate cryptocurrency in general in their countries. I think South korea already implementing the tax for crypto asset revenue.  For sure many countries will follow later on.

[Ch01ce0N3]

In my opinion, the government may impose taxes on every transaction that uses bitcoin. That is good. Very good. Moreover, the tax becomes state income. However, noteworthy, the government must recognize the existence of bitcoin as a means of transactions in the country. That way, no one feels disadvantaged, both government and bitcoin service users themselves.
I

[Breackup]

I think so too. The government is a bit jealous of Bitcoin. The government does not get any tax for Bitcoin. When the government manages a country, the government has to pay taxes for everything. So the government can not get anything from Bitcoin. The fact that Bitcoin is providing huge amount of money to all the countries, the users are getting the bitcoin. But the government can not accept it. So Bitcoin is banned in many countries with illegal declaration.This kind of behavior is furious manifestation.

[Hell-raiser]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It seems you should first understand that billions of dollars in Bitcoin market cap are not real, these dolars are non-existent and used only for the purpose of reference. So there is basically nothing to complain about on the government part. Apart from that, I don't know why anyone would think that crypto transactions should be taxed. I don't know if fiat transactions are taxed somewhere in the world, though I would be curious to find out. Taxing transactions destroys the very idea of money, which is to facilitate trade, not obstruct it.

[dunfida]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

As of writing the entire cap of BTC is on $120,595,809,352 which is really huge which government wont really make it easy for them to set aside its 45.0% dominance on the entire cap of crypto market. They cant impose taxes due to decentralized feature of cryptocurrency specially on bitcoin. Users are indeed comfortable with this one since gov't cant sip out taxes if they wont regulate any 3rd party involve like on exchanges.

[Minnasan]

I'm sure time will come that governments of all counties will regulate cryptocurrency in general in their countries. I think South korea already implementing the tax for crypto asset revenue.  For sure many countries will follow later on.

I think if governments in each country can manage bitcoin primarily in terms of taxes to get some crypto assets, it will only change the original purpose of creating Bitcoin as an alternative (if applied tax, it is no different from the regular currency), decentralized payment method.

[mlgblockchain]

With our current rules and regulations about the taxes, people still try their best to escape from the tax and pay as less as possible. The major feature of Bitcoin or other crypto currencies are "It's decentralized". Which makes it untraceable. You can't expect people to pay their taxes on their own will. I think it's not going to be easy to apply a useful rules on crypto transactions.

[GayOfThrones]

Governments don't want to consider bitcoin as something valuable, but all the same they would like to tax it. This is a quite interesting contradiction.

[sindikat]

With our current rules and regulations about the taxes, people still try their best to escape from the tax and pay as less as possible. The major feature of Bitcoin or other crypto currencies are "It's decentralized". Which makes it untraceable. You can't expect people to pay their taxes on their own will. I think it's not going to be easy to apply a useful rules on crypto transactions.

People don't pay taxes because the AI doesn't trust the government. They see how politicians have stolen most of the money. After the publication of data from offshore, we also saw how politicians and rich people hide their money in offshore. At the same time, they want us to pay all taxes in full. This is the main reason why people don't want to pay.

[JL421]

Why do you even support or what the government to regulate if you see in terms of government it is a pure loss for them there are way too many services or coins which are made to enable privacy and can help holders evade taxes way easily. There are surely few people honest enough or scared to pay their taxes but setting up a tax collection agency for bitcoin is clear waste

[pixie85]

Government cares less about taxes and the possible losses that this 1 % of the population that keeps money in Bitcoin and is against paying taxes. I think it's even less than 1% of the population.
What the government might care about is the lack of control and cryptocurrencies being used to move money in and out of the country under their nose the way people used to smuggle drug money. The difference is now they can do it sitting on a couch.

[daarul50]

Before as thankful for your suggestions
I still have not found any good advice regarding proper regulation for bitcoin in a country. Of the many suggestions that argue that bitcoin transactions are anonymous and can not be known where a fund goes in a transaction so the government can not provide taxes because they do not know who is doing the transaction. I am still waiting for more advice from friends but the conditions are slightly changed: The government imposes a tax on a bitcoin transaction in its exchange-based services in both its payments and trade.

[Shenzou]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

The only way that govermments would start applying taxes to get profit from bitcoin transaction is if they accept it first, and at that point i think many poeplple would be totaly ok with it, because if you think about it, people right now uses bitcoin online and when they want to exchange it to fiat they have to go throw many process like finding an exchnage and somone to sell to which will take time and fees, so if we can directly go to the bank and exchnage our bitcoin instantly and use it when we want and just by paying a small fee than i see no harm if governments tax it.

[Slow death]

[...]

I do not think governments are "Furious" because of the reasons you mentioned, governments are a group of people who have their own interests, are people who are or partner with banks and governments want to have control of everything, the governments are taking tough measures against bitcoin due to its decentralization and being anonymous and very volatile.

countries that have a very transparent democracy will not see a problem in regulating bitcoin, but countries where there is a dictatorship, where there are political elites, where bankers are the kings, do not look bitcoin with good eyes.

[Ejanend]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

This is not just about taxation, people have no confidence in their governments and this is why most of them are preferring a system of currencies which is not controlled by corrupt politicians. Again corruption will be done with bitcoin just like it is done with cash. I don’t think so there is any need of paying high taxes for bitcoin because we are already paying too much taxes on each and everything.

[GoodLuck2]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

It should not be considered that Governments do not want it for their own money to get tax from their people that are not the real facts I think. Bitcoin is decentralized and anyone can use it in order to get huge profit same as Governments can also get benefit from the Bitcoin and can make more money than the money getting as taxes from people. So, their economies will grow hundred times more than that which is from taxes.

[Yamifoud]

Of course the government want to take shares from a big amount of money involve in here that't why they tried to regulate these and collect taxes. But people won't let them do it cause it only lead them to take a away the decentralization character of crypto and it also create a huge manipulation in the market price which basically lessen our chances of gaining more profit.

[burnchan]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

If taxes are clearly imposed to all crypto transactions, then I think we have no choice but to comply what is imposed by the government. At first, I am against bitcoin taxes. But I was thinking that if this is the only way that the government would accept Bitcoin then I would prefer paying taxes than not allowing bitcoin or any crypto transactions in mu country. This would be a win-win situation to the government and the Bitcoin or crypto users.

[linshisui38]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think the country has gotten taxes on bitcoin transactions, because people generally trade bitcoins on exchanges, and often these exchanges are regulated. So every time you trade a bitcoin, the state gets your taxes.

[CuteBaby123]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Governments find it hard to input tax on bitcoin because its beyond their control. Bitcoin resides on the internet world and its really hard for the government to detect those who are involved in bitcoin. The only way they can do is to ban bitcoin because its the easiest way for them.

[VeronAncient]

if the income from bitcoin or altcoin is taxed, will the government legalize bitcoin? if true, I agree. currently with the existence of blockchain technology should the government can take advantage of it for the future of the economy of the country so do not feel harmed by the existence of bitcoin. so far the unemployment rate has fallen because many people are using bitcoin to make money. because so far the government can not provide jobs to reduce unemployment rates.

[Hell-raiser]

if the income from bitcoin or altcoin is taxed, will the government legalize bitcoin? if true, I agree. currently with the existence of blockchain technology should the government can take advantage of it for the future of the economy of the country so do not feel harmed by the existence of bitcoin. so far the unemployment rate has fallen because many people are using bitcoin to make money. because so far the government can not provide jobs to reduce unemployment rates.

It's an illusion of wealth and employment. People get themselves busy with speculations but this is not a real employment since it doesn't create real wealth. All it does is redistribute already existing wealth, but someone has to create this wealth in the first place. Nor can you redistribute it indefinitely simply because it is consumed in the process and has to be constantly created by someone. Not surprisingly, at the end of the day most of these "self-employed" people will be left with nothing, with neither money nor jobs. And we are already well on the way there.

[mokong11]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I'm just curious who take the advantages of every transaction fees of bitcoin ? is it bitcoin or blockchain? i don't know the answer thats why I asking because in my opinion if the government take the advantage of every transaction fee of bitcoin and not make it a tax its probably help the economy of a country because of its big source of money and value.

[beccer]

actually I do not mind if I have to pay taxes for bitcoin investment, if the government is worried about a dark transaction in bitcoin then they should communicate with the founders to discuss this instead of spreading the news will close btc access so that everyone feels afraid and do sell panic

[nur rochid]

I think bitcoin is not threat to the world economy, because its existence is only 1%. if for taxes may be because government can not control btc so there are still many consideration to legalize it

[Just John]

You're right. Governments have not found a way to put taxes on  bitcoin which is why they are doing all they can to stop the rise of bitcoin but they cannot. Bitcoin will bounce back stronger and even better than ever.

[Aikidoka]

Bitcoin was created to oppose the economy systems especially banks. If the government interferes with bitcoin, then the later will lose its purpose. However, since everyone (Social media, banks, the governments) is fighting against bitcoin which led to the drop of its price, I believe that it is best to impose taxes on it which is better than banning it completely. But the taxes should not be high to begin with.

[Dragon5]

China is the furiest among them, claiming cryptocurrencies kill yuan and threat Chinese economy. So they are going to strengthen the regulations and ban everything connected to cryptocurrencies

[hahahafr]

Well, they did not kill yuan. And that won't happen.

China is one of the most powerful countries that has ever existed, they need to create regulations over everything (and their kind of government is very succesfull)

So yes, if it happened, then it means that it was a good decision after all..

China is the furiest among them, claiming cryptocurrencies kill yuan and threat Chinese economy. So they are going to strengthen the regulations and ban everything connected to cryptocurrencies

[lesinset]

In our country, workers who earn below 20,000 are not charged with tax and those who earn more than 20,000 are charged with tax. If this will be applied to us bitcoin users here in our country, I'd say it is fare enough if it will be the condition of our government to us so that bitcoin won't be banned in our country. 

[pathapoddo]

Government furious will show as income tax. Government already ban it. If they don't ban it, they will take income tax. But how they will come to know about Bitcoin earners??

[Baofeng]

if the income from bitcoin or altcoin is taxed, will the government legalize bitcoin? if true, I agree. currently with the existence of blockchain technology should the government can take advantage of it for the future of the economy of the country so do not feel harmed by the existence of bitcoin. so far the unemployment rate has fallen because many people are using bitcoin to make money. because so far the government can not provide jobs to reduce unemployment rates.

You can to understand where the government is coming from, as far as crypto being tax, yes maybe, but legalizing it? I don't think that government wants so and we don't want it as well so the feeling is mutual. Government is afraid of crypto's being so disruptive that it can make or break a nations economic stability.

And as far as people using bitcoin to make money, its a small percentage of the population and I don't think that it can significant effects to the unemployment rates.

[ronics]

         the bitcoin capital transacts for reaching a bitcoin of dollars .it is the government of any country that can not get revenues or income from a transaction and it does work in the in the government of many countries complaining .the existence of a bitcoin because it is considered treat for the economy of a country .should tax bids for users .so makes a bitcoin transaction and what is the proper regulations for an address in these issues as well as help the county to which it accuse it of the economy.

[Hell-raiser]

China is the furiest among them, claiming cryptocurrencies kill yuan and threat Chinese economy. So they are going to strengthen the regulations and ban everything connected to cryptocurrencies

I suspect this has everything to do with the mentality of the Chinese population. I mean they are eager to look into everything new and adopt it quickly. Look what happened in Japan and then multiply that by a factor of 10. Western civilizations are more conservative in this respect. People there trust their governments more on average, and they won't jump into cryptocurrencies head over heels. Therefore, the Chinese government rightfully fears this universal craze over cryptocurrencies. It is not like Bitcoin threatens the local economy directly, it is more via people losing a lot of money in various scams that will be the major cause of headaches and problems for the government there.

[yvesp110]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Governments find it hard to input tax on bitcoin because its beyond their control. Bitcoin resides on the internet world and its really hard for the government to detect those who are involved in bitcoin. The only way they can do is to ban bitcoin because its the easiest way for them.

And this is what they are doing. From a long time, since the development of bitcoins, they are continually banning bitcoins. Right now, just see, only few countries among 256 countries where bitcoins are being legalized and using under a law. Else, every country’s government have banned bitcoins. They don’t allow people to make transaction because by doing so, tax can’t be paid.

[yanxuanyunshan4]

The supply of bitcoins is predictable. It has the core characteristics of money: durability, fungibility and severability. It creates a monetary system that is independent of credit and identity and central Banks and governments. It's a new system in the digital age.

Bitcoin enthusiasts can be found in every city. They all agree that the value of the bitcoin transaction will continue to rise, because the supply of bitcoins is strictly limited and bitcoin is far superior to the legal tender of the government.

[EnricoGomez]

Bitcoin is created polar to the concepts of banking to which the government is somehow clinged at and traditionalized upon because it is a vital part on the movement of the economy.
It would be very difficult for the government to track who use bitcoin to earn for tax collection. But if people do not want to bitcoin to be banned on their countries, they shpuld take it upon their selves to pay taxes as it is a factor to why countries are furious.

[Dimid]

In the long term, the bitcoin tax is disastrous for the crypto currency, as it was initially conceived as an anonymous way to transfer money without intermediaries. Otherwise, anonymity is lost, and an intermediary appears in the person of the state.

[sindikat]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think the smartest thing to do is not listen to what the government says. Tell me please, when you tell the government you don't like them listening to you? Why should we be interested in their problems? We must build our economy and abandon the use of Fiat as much as possible. This will make us richer and we will be free from manipulation in the government.

[okala]

The governments should come out clearly that tax is their problems and their should not lebel bitcoin and other coins as a scam's  system. We no their are not happy that we have a system that they cannot control and this is a beauty of it but government are not happy about this.

[infested]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Bitcoin transactions are already being taxed. We have capital tax gains on profits when bitcoin rises in value.

Also when you buy something from a business using fiat->bitcoin->fiat (or even directly from BTC to fiat) the business has to declare that sale and pay taxes.

Illegal non taxed transactions like the ones you are thinking from BTC->BTC can also happen with fiat so there is no new threat to governments.

[rizkyhiw]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

should the government not object to the bitcoin among them, if they are so smart to set up a country they should legalize bitcoin. believe me, bitcoin will be able to help the economy more advanced, there are some ways I think like the government is contributing to investing in bitcoin, trading, etc.
but I do not think they will see the good side that is on bitcoin, with all the current news crypto especially bitcoin in view as a tool to do evil. you can imagine if one country contributes to bitcoin investing, to what bitcoin will rise?
even the president of my country once said, bitcoin and other coins are the technology of the future and us as technology users should be able to keep up.

[dekafee79]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think,taxes should not apply to crypto transactions. because  transactions in crypto is untraceable and anonymous. also it's digital. it is impossible to take it.

[sinkfish]

i can understand their government sentiment towards crypto. they take heavy blow before they could do anything. now they recognise the power and potential of crypto, slow but surely they planning something so to make sure they can take their pieces or else they will loose all they autonomy they got all till now.

[BartS]

I honestly just would like to see bitcoin treated the same way as foreign currencies are, or even gold/silver.

Simply doing bitcoin transactions should not incur any taxes. Makes no sense to do so, it's like saying you're going to be taxed every single time you give someone else money regardless of the reason.

What I see with a some countries though is that VAT is added to bitcoin purchases, and CGT is applied when you cash out your bitcoin. Make up your mind, governments. You can't say that bitcoin is both a consumer good and an investment asset. This kind of double taxing shouldn't be happening. Also, apparently in Australia they are also planning on adding a tax for crypto to crypto trades. I get that there may be a tax for crypto to fiat trades, but crypto to crypto, you serious? That's like saying swapping collectibles with someone will incur a tax. Makes no sense to me.

It makes no sense when you are just thinking of the technical aspects of how they are treating bitcoin however when you begin to think about the ideological aspects it is very easy to see why they're doing this they are trying to destroy bitcoin, and they know they are unable to do it with a superior technology, they know that bitcoin will resist everything they throw at it so what they're trying to do is to make bitcoin very difficult to use that way the average person is going to think why bother? And it is going to avoid bitcoin and other cryptocurrencies in order to avoid those taxes.

[stompix]

if the income from bitcoin or altcoin is taxed, will the government legalize bitcoin? if true, I agree. currently with the existence of blockchain technology should the government can take advantage of it for the future of the economy of the country so do not feel harmed by the existence of bitcoin. so far the unemployment rate has fallen because many people are using bitcoin to make money. because so far the government can not provide jobs to reduce unemployment rates.

Common be serious.
First , unemployment is calculated on how many people are actually searching for a job not all those that are not employed. I doubt that somebody who make money on the internet trading coins would forfeit the unemployment benefits.

Unemployment rates are at around 6% or close to some 200 millions people.
For example if this entire forum would be unemployed and all we would make a living out of coins and all the accounts would represent a different individual (no multi accounts) the dent in the unemployment number would be from 6% to 5.97%.
Common....

LE
Just checked, the unemployment rate has gone up worldwide in 2017 from 2016...

[Hell-raiser]

if the income from bitcoin or altcoin is taxed, will the government legalize bitcoin? if true, I agree. currently with the existence of blockchain technology should the government can take advantage of it for the future of the economy of the country so do not feel harmed by the existence of bitcoin. so far the unemployment rate has fallen because many people are using bitcoin to make money. because so far the government can not provide jobs to reduce unemployment rates.

Common be serious.
First , unemployment is calculated on how many people are actually searching for a job not all those that are not employed. I doubt that somebody who make money on the internet trading coins would forfeit the unemployment benefits.

I agree with you that Bitcoin doesn't make a dent in the unemployment rates because the number of people successfully trading crypto and making a living off it is well within the margin of statistical error. But as you yourself say, the unemployment rate is determined on how many people are actually searching for a job (the point which I totally agree with), so people who are living off crypto shouldn't be actively searching for a job. But that means that they are excluded from these statistics, therefore they necessarily contribute to lower unemployment. Besides, in many jurisdictions you won't receive unemployment benefits indefinitely even if they are actively searching for a job simply because you typically do find a job after some time if you are looking for it in earnest.

[ntodntodan69]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

the government of every country has the authority over the thing that is feared to undermine the country's economy, including bitcoin.
to make a good regulation I think the government of a country should impose a tax on the income of its citizens derived from bitcoin
this should be offset by legal protection for bitcoin transactions

[bitlyra]

I do not think that government can ban bitcoin. Bitcoin is a decentralized crypto currency and there is no such government can take hold on it or control it. More governments has regulating bitcoin and that helps their economy as well. Accepting bitcoin is like accepting the opportunity to have a great profit. Great profit is good economic status.

[danniwide1234]

I don't want to believe government is furious just because they could not collect tax from transactions that involved bitcoin. To me the hostility of most governments to the development of bitcoin in their countries is based on various factors and tax could also be part of it. The way bitcoin and other cryptocurrency is structure right now it will be difficult for any government to be able to collect tax from bitcoin. The fact that it is a decentralized system makes tax almost impossible. However policy and regulations could be introduced that will make bitcoin taxable and also helps to solve many of the concern that has been raised by government as regards to bitcoin and cryptocurrency in general.

[esa2782]

the reason for the government to stand against bitcoin is because its decentralised system which make government and its centralised system an outsider, but i think the government should not put btc in the scheme of good guy and bad guy, because it is happening and people are using it and they feel okay and good with it, so instead of "furious" for no appearance reasons the government should embrace it and make sure its people is not fall into a victim of cryptos system, it's not fair to brandish btc just because unable to take taxes from it, because i think the basic of the state is to regulate for the safety, they should use that when dealing btc and cryptos.

[entrepmind23]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Just like what is applicable in buying goods or services, bitcoin can be tax if it is transferred to another person in which case not all transactions should be tax because there are cases when an individual would just transfer it to his another wallet. The only way for the government to track the transfer is when it is done in a centralized platform and the users need to have KYC to do such transaction. They will know who buys and sells so they will know to whom they will collect such taxes otherwise the platform would just automatically charge tax to every transaction and government will collect the accumulated tax to the platform owners so that it would be easier.

[Ctn]

if the income from bitcoin or altcoin is taxed, will the government legalize bitcoin? if true, I agree. currently with the existence of blockchain technology should the government can take advantage of it for the future of the economy of the country so do not feel harmed by the existence of bitcoin. so far the unemployment rate has fallen because many people are using bitcoin to make money. because so far the government can not provide jobs to reduce unemployment rates.

Common be serious.
First , unemployment is calculated on how many people are actually searching for a job not all those that are not employed. I doubt that somebody who make money on the internet trading coins would forfeit the unemployment benefits.

Unemployment rates are at around 6% or close to some 200 millions people.
For example if this entire forum would be unemployed and all we would make a living out of coins and all the accounts would represent a different individual (no multi accounts) the dent in the unemployment number would be from 6% to 5.97%.
Common....

LE
Just checked, the unemployment rate has gone up worldwide in 2017 from 2016...

Indeed. There is no way we can consider this one as employed money. This is not circulating from any organisation to their employee neither they are getting it circulated with legal entities like banks. This got to do nothing with the taxation process as it doesn't even count over the swift codes! 
The money that flows in the legal institute for example comes form the products and services and share of which is circulated around the organisation. At every stage the taxes are paid back to government and thus it allows to do the business. In case of coins, they are already their, there is no input or output fro the same. Its just meaningless and have no proper procedure to follow up. Just pour the money in and get more out of it but without any output ! That is not employment and neither it is taxed one. So obviously government will be obsessed with the whole idea.

[BartS]

I do not think that government can ban bitcoin. Bitcoin is a decentralized crypto currency and there is no such government can take hold on it or control it. More governments has regulating bitcoin and that helps their economy as well. Accepting bitcoin is like accepting the opportunity to have a great profit. Great profit is good economic status.

You do not understand, of course the governments can ban cryptocurrencies that is not the problem for them, the problem is how are they going to force people to comply with the ban? And that is why they are not banning bitcoin yet, they know they can change the laws as they see fit what they do not see themselves doing is winning against bitcoin, after all how can you attack something that is decentralized? In the past there were attempts of new currencies but they were centralized as such as soon as the government wanted they destroyed those coins, now they are facing a new and more difficult enemy in the form of bitcoin.

[BlockEye]

I do not think that government can ban bitcoin. Bitcoin is a decentralized crypto currency and there is no such government can take hold on it or control it. More governments have regulating bitcoin and that helps their economy as well. Accepting bitcoin is like accepting the opportunity to have a great profit. Great profit is good economic status.

Banning in terms of their usage, we already see how Chinas government bans exchanges and ICO, bitcoin may still be say that still exist in their country but it will be hard for crypto investors to fully used the potential of their crypto as well Bitcoin if there are no exchanges present on them and they can't even allow ICO investors to join on any since there are some permitting that needs to be done in selection of countries that can participate.

[KeijiN]

The government will definately try to regulate somehow bitcoin and other cryptocurrencies, becouse people of power doesnt like, when something is not under their control

[chaoscoinz]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think many smaller countries may wait for the U.S to issue guidance first, then they will adopt similar policies, or build their policies around the guidance. Bigger countries will make their own mandates.
Bitcoin and blockchain interrupt alot of sectors within the financial industry. The technolgy has literally taken the world by storm.

[ju5510993]

Also those countries that prohibit BTC because there is no effective regulation, there is no way to tax!

They may be banning BTC and starting to study the relevant regulatory and tax policies of digital cryptocurrency.

[TheClownSong]

Right now, bitcoin trade volume per days already reach more than 10 billions per day. Many government want to collect tax on crypto transaction and from what i thought, government will treat crypto like commodity

[Getcoinsite]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country.

No, if we divide this capitalization between the countries it will be like a grain of sand. Big private companies are bringing much more revenue than a fully regulated crypto economy would. At least at this stage. Also, governments are getting their share from BTC to fiat transactions. Do you think it's not enough?

Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

No, it shouldn't. Are you supposed to pay taxes when you're exchanging pokemon cards with your friends. Do you have to pay tax when you're trading gold in world of warcraft? Why should you have to pay for changing one cryptocurrency into another, especially when both of them aren't recognized by the government as a currency and a means of payment.

You are right there mate,were just looking as whole thats why the market cap seems so big but if we divided them for how many countries are involving cryptocurrency each government wont look at that as a huge amount for getting taxation..but even all this arguments still every profiteering needs a taxation and thats why governments are eager about putting policies and laws about our community here because they saw that many of their countrymens earning here without paying a single cent to them

[Lexurdania]

i can understand their government sentiment towards crypto. they take heavy blow before they could do anything. now they recognise the power and potential of crypto, slow but surely they planning something so to make sure they can take their pieces or else they will loose all they autonomy they got all till now.

I am believe that they just want to collecting taxes from cryptocurrency trade. As we know, government do not want to lose their control on monetary system, so better for government to regulate crypto and they can earn taxes

[bangkit tri]

i can understand their government sentiment towards crypto. they take heavy blow before they could do anything. now they recognise the power and potential of crypto, slow but surely they planning something so to make sure they can take their pieces or else they will loose all they autonomy they got all till now.

I am believe that they just want to collecting taxes from cryptocurrency trade. As we know, government do not want to lose their control on monetary system, so better for government to regulate crypto and they can earn taxes

i think bitcoiner also does not mind if collected taxes, because with taxes means government regulates cryptocurrency and there is legal protection from government. and with taxes means we are involved in building country for good future

[BartS]

The government will definately try to regulate somehow bitcoin and other cryptocurrencies, becouse people of power doesnt like, when something is not under their control

It is not that they do not like something that is outside of their control, it is because they fear it, they feel threatened, when they cannot control every single thing around their world, you need to understand that people in power are very insecure people despite the appearances and what they say that is the truth, they have climb up to those positions and the thing that they fear the most is to lose those positions and something like bitcoin and cryptocurrencies have the potential to diminish the power they wield and that is something they are not going to accept without a fight.

[fiulpro]

You know the funny thing is in most countries the taxes are being applied and at the same time the government is all that on Banning Bitcoins this is the funniest thing ever because if you are taking taxes then why the hell you need to ban them.
Also the banks are trying to stop the transactions regarding Bitcoins this is something that I don't think anyone would think is fair.
There is no problem in giving taxes but at the same time they should know that they should play a fair game not a suit of dictatorship.

[Activitycoin]

The government will definately try to regulate somehow bitcoin and other cryptocurrencies, becouse people of power doesnt like, when something is not under their control

It is not that they do not like something that is outside of their control, it is because they fear it, they feel threatened, when they cannot control every single thing around their world, you need to understand that people in power are very insecure people despite the appearances and what they say that is the truth, they have climb up to those positions and the thing that they fear the most is to lose those positions and something like bitcoin and cryptocurrencies have the potential to diminish the power they wield and that is something they are not going to accept without a fight.

Yes you are right that bitcoin is good and people are they real power in crypto currency, the more people will support bitcoin they more it will increase in price and in demand, it is good to buy it at this time, bitcoin is not under control today as government is now having that much strength to see the currency as legal currency down ward, bitcoin is above legal currency, but our government is fear that soon bitcoin will be legal and their own currency will be down and gradually it will get vanish, so for me they should trust and support bitcoin instead of having any kind of fear.

[green_fish]

Many countries have recognized BTC's legal status and revenue tax!

This is conducive to the development of digital cryptographic currency, because the government can participate in the market of digital encryption money, guide the development of the market reasonably, and avoid criminal behavior!

[Ctn]

The government will definately try to regulate somehow bitcoin and other cryptocurrencies, becouse people of power doesnt like, when something is not under their control

It is not that they do not like something that is outside of their control, it is because they fear it, they feel threatened, when they cannot control every single thing around their world, you need to understand that people in power are very insecure people despite the appearances and what they say that is the truth, they have climb up to those positions and the thing that they fear the most is to lose those positions and something like bitcoin and cryptocurrencies have the potential to diminish the power they wield and that is something they are not going to accept without a fight.

To be honest its not like that they cant control it, off course it is they have all the rights to amend things if they are not good for the nation. This is what they are capable of doing, no matter what how helpful, blessingful it is for the people but if it is gonna eat the nation as whole then they, the government can rip the thing off.

The only thing that is keeping them away from this doing is they dont want to creat outrageous impression out of it. They know very well that this tech is new and can be helpful in many things. So I am pretty sure that they are looking for middle ways to come out.

[carlisle1]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Actually im in 100% agreed on this,that government must have what they deserve..tax is every peoples obligation and its not even higher cost from what they earning.

For me regulation for cryptocurrency is a must,not only the miners but every individuals who makes money in cryptoworld..from gambling,trading,signature campaigns and bounty..even ico investors and holders must be obliged buy taxes

[piter66]

Bitcoin is created polar to the concepts of banking to which the government is somehow clinged at and traditionalized upon because it is a vital part on the movement of the economy.
It would be very difficult for the government to track who use bitcoin to earn for tax collection.  But if people do not want to bitcoin to be banned on their countries.

[Chusnul]

Governments do not like technologies that undermine their ability to regulate and monitor financial activity for money laundering and especially tax evasion. But moreover, governments prefer to have a monopoly on currency creation, because the government derives seigniorage value from banknotes in circulation.

[BartS]

To be honest its not like that they cant control it, off course it is they have all the rights to amend things if they are not good for the nation. This is what they are capable of doing, no matter what how helpful, blessingful it is for the people but if it is gonna eat the nation as whole then they, the government can rip the thing off.

The only thing that is keeping them away from this doing is they dont want to creat outrageous impression out of it. They know very well that this tech is new and can be helpful in many things. So I am pretty sure that they are looking for middle ways to come out.

You are right when you say that they can regulate cryptocurrencies to a certain point but I do not think they can control it, let's suppose that they forbid holding cryptocurrencies, there will be many people that are going to avoid cryptocurrencies from that point on but there is also going to be a significant amount of people that are not going to comply, what are they going to do at that point? Are they going to put people into jail, even if they do that how are they going to find them? How are they going to block to transference of bitcoin in a network they cannot control?

[iv4n]

To be honest its not like that they cant control it, off course it is they have all the rights to amend things if they are not good for the nation. This is what they are capable of doing, no matter what how helpful, blessingful it is for the people but if it is gonna eat the nation as whole then they, the government can rip the thing off.

The only thing that is keeping them away from this doing is they dont want to creat outrageous impression out of it. They know very well that this tech is new and can be helpful in many things. So I am pretty sure that they are looking for middle ways to come out.

You are right when you say that they can regulate cryptocurrencies to a certain point but I do not think they can control it, let's suppose that they forbid holding cryptocurrencies, there will be many people that are going to avoid cryptocurrencies from that point on but there is also going to be a significant amount of people that are not going to comply, what are they going to do at that point? Are they going to put people into jail, even if they do that how are they going to find them? How are they going to block to transference of bitcoin in a network they cannot control?

Governments don't do things that are good for the nation, maybe there are couple governments in whole world that do that, but most of them are working just for their own interest. They are corrupted, to much, only way to escape from this corruption is to change entire system.
Believe it or not, they will put people in jail (if that didn't happen already), they will go even further, some governments are capable for big evil. You can see that from the past.
Only thing that gives me hope are ordinary people across the world, blockchain give us a glance of what is better, people are awaking from some dream with crypto. We are more opened for better things, not what governments tell us its better, what really is better. Just decentralized system can help us to have fair world, and we must have go in that direction.

[Notcalculator]

They could still collect tax from it by taxing establishments under their jurisdiction. Establishments could also be required to issue official receipts for taxing purposes. The only way btc could reach mass adoption is through fair regulations. I would think that taxing to some extent is fair because obviously if you dont tax transactions everyone would just use BTC and the government would be bankrupt. The transaction im talking about here is between customer and business.

[Virtual miner]

What actually makes governments furious is their inability to control the bitcoin transactions because of its decentralized nature. And as far as the topic of taxation on bitcoin is concerned, this is being resented by most of the people. Only because people feel that why do they have to pay any amount to government in which government has nothing to contribute and no role to play.

But if we go by the taxation laws of the country then we will find tax has to be imposed on the bitcoin transactions because they attract tax on capital gain.

[edenchainio]

Despite how some governments are trying to ban cryptocurrencies, there will still be a few governments, mainly the smaller countries like Malta and Singapore that embraces cryptocurrencies.

Cryptocurrencies will continue to thrive as long as there are at least a few countries that adopt it. Technology is frequently a winner takes all game, and the larger countries will very quickly realise that they are losing out on the game and will FOMO back in.

[vaughn125]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

To become completely legal or to reach the point where we are experiencing mass adoption, we really have to go for regulation and have to accept all the disadvantages of this which includes regulators taking advantage of this and taking so much more than what is needed as tax from us crypto users because they know that they have the authority. But I think, after a few months or years in the regulation, things will go smoother and smoother as more people fight for a fairer regulation terms.

[krishnaverma]

You know the funny thing is in most countries the taxes are being applied and at the same time the government is all that on Banning Bitcoins this is the funniest thing ever because if you are taking taxes then why the hell you need to ban them.
Also the banks are trying to stop the transactions regarding Bitcoins this is something that I don't think anyone would think is fair.
There is no problem in giving taxes but at the same time they should know that they should play a fair game not a suit of dictatorship.

You know what is more funny a government saying that crypto is bad for the economy, then banning it. Now the government is coming up up with its own crypto.

If you want to eliminate the competition, at least give a better excuse that can be digested by people.

[gambitcoin53]

Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed.

Actually they can, backed up by laws on tax on revenues. When a transaction on exchange sites commence, there are fees, those fees are subject to tax already, but it will be on the part of the exchange sites and not on the part of the individual bitcoin users. Fees being deducted to the account users, tax deducted from the site. Too bad, tax are passed on the consumers thru high fees.

[Mastsetad]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

How did you know that all the world governments are curious about Bitcoin? I don’t think that’s true, I’m very sure that there are some governments that are participating in Bitcoin either by mining or investing into it. Just like Russia, I have heard several times that they are into Bitcoin Mining, though I don’t know if that is true. There are some government that are against Bitcoin and other cryptocurrencies, same as there are governments that are in support of it.

[Hell-raiser]

Despite how some governments are trying to ban cryptocurrencies, there will still be a few governments, mainly the smaller countries like Malta and Singapore that embraces cryptocurrencies.

Cryptocurrencies will continue to thrive as long as there are at least a few countries that adopt it. Technology is frequently a winner takes all game, and the larger countries will very quickly realise that they are losing out on the game and will FOMO back in.

Japan is not a small country by any means. And they seem to be quite loyal toward Bitcoin and other cryptocurrencies. It looks like many people are seeing everything in black and white colors only, and whenever some country like South Korea tries to regulate cryptomarket, people are quick to jump at the conclusion like they are trying to ban cryptocurrencies. SK is not a small country either, though China which seems to be really negative toward Bitcoin is definitely bigger in every aspect.

[Aikidoka]

I am not for imposing taxes on transactions. However, if they are to ban bitcoin thoroughly, I will move along with the taxes because whether you like it or not, the government is more powerful than you and you can do nothing to it. On the other hand, taxes should not be high, otherwise users will get bored and they will stop transacting. And to be honest, taxes are better than getting bitcoin banned.

[Beparanf]

I am not for imposing taxes on transactions. However, if they are to ban bitcoin thoroughly, I will move along with the taxes because whether you like it or not, the government is more powerful than you and you can do nothing to it. On the other hand, taxes should not be high, otherwise users will get bored and they will stop transacting. And to be honest, taxes are better than getting bitcoin banned.

Taxing anyway may not be fully implemented since bitcoin is decentralized and anonymous ,once we convert it that's the only time we need to pay our taxes and we can't run from it, so be wise on spending and converting crypto, its ok to pay taxes as long as we see the projects of the government.

[btc-facebook]

My government forbid bitcoin usage because of security reason and cause inflation so although applying tax will generate revenue / income but they still too afraid of negative impact for bitcoin usage.
I'm understand their reason since they want protect civilian from harm

[rafaelyarulin]

Russian legislation does not yet define cryptocurrency. Accordingly, and its legal status in our country is not clear. Although in many countries Bitcoin as other types of crypto currency received the status of legal tender, some tax authorities have already recognized its importance and have proposed specific tax rules.

[Vatimins]

I am not for imposing taxes on transactions. However, if they are to ban bitcoin thoroughly, I will move along with the taxes because whether you like it or not, the government is more powerful than you and you can do nothing to it. On the other hand, taxes should not be high, otherwise users will get bored and they will stop transacting. And to be honest, taxes are better than getting bitcoin banned.

     I agree with you, I too hate the fact that there are taxes which is the first reason why I got into this industry in the first place. But as what you have said, we are powerless to oppose the decisions of the government. Which is why, there really is no other way to go but regulation if we really want mass adoption. Sure, taxes might be higher in the first few years but I think that it will probably drop due to a lot of complains.

[BartS]

Governments don't do things that are good for the nation, maybe there are couple governments in whole world that do that, but most of them are working just for their own interest. They are corrupted, to much, only way to escape from this corruption is to change entire system.
Believe it or not, they will put people in jail (if that didn't happen already), they will go even further, some governments are capable for big evil. You can see that from the past.
Only thing that gives me hope are ordinary people across the world, blockchain give us a glance of what is better, people are awaking from some dream with crypto. We are more opened for better things, not what governments tell us its better, what really is better. Just decentralized system can help us to have fair world, and we must have go in that direction.

I have no doubt that governments have the potential of doing everything in their power to retain their position of power above the population, but at the same time it will be impossible, just look at piracy, every year people all over the world download software, movies, books, games and music for free without paying a single cent to those that created that content and even with a very aggressive campaign by the media, by the producers of those contents and by the government itself and yet people keep doing it, why? Because it's impossible to catch them all.

[megamanexe002]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

That's the reason why cryptocurrency is very profitable, its because of the taxless transactions and government are just envy about cryptocurrencies growth that's why they want to ban bitcoins.

[Quidat]

Governments don't do things that are good for the nation, maybe there are couple governments in whole world that do that, but most of them are working just for their own interest. They are corrupted, to much, only way to escape from this corruption is to change entire system.
Believe it or not, they will put people in jail (if that didn't happen already), they will go even further, some governments are capable for big evil. You can see that from the past.
Only thing that gives me hope are ordinary people across the world, blockchain give us a glance of what is better, people are awaking from some dream with crypto. We are more opened for better things, not what governments tell us its better, what really is better. Just decentralized system can help us to have fair world, and we must have go in that direction.

I have no doubt that governments have the potential of doing everything in their power to retain their position of power above the population, but at the same time it will be impossible, just look at piracy, every year people all over the world download software, movies, books, games and music for free without paying a single cent to those that created that content and even with a very aggressive campaign by the media, by the producers of those contents and by the government itself and yet people keep doing it, why? Because it's impossible to catch them all.

This is true which they might really have the control on bigger vicinity but it wont able to cope up 100% which means there would be still exploits or people would take advantage without being sued or caught out by the government itself but even though we people always do prefer on things which are being regulated where we do somehow feel secure coz everything can really be identified.

[richardsNY]

I have no doubt that governments have the potential of doing everything in their power to retain their position of power above the population, but at the same time it will be impossible, just look at piracy, every year people all over the world download software, movies, books, games and music for free without paying a single cent to those that created that content and even with a very aggressive campaign by the media, by the producers of those contents and by the government itself and yet people keep doing it, why? Because it's impossible to catch them all.

It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.

[Elseye]

That's not a surprise, I guess that they are seriously afraid of such a big and independent thing.

[Axelion]

It is hard to regulate it. You can ''catch coin holders at exchanges, but they can make new coins in their wallets with staking etc.
I'm not worried about regulation. Soros, Rothschild and other worry me. Implementing their game they could hurt this beautiful world.

[boled]

Bitcoin does not belong to one country, bitcoin belongs to us all. The state can not impose a tax on bitcoin on personal transactions. The government can only impose a tax on market and banking transactions. I dont know the tax rules in other countries, but in my country (Indonesia) there is an Income Tax. Company Employee Salaries, State Employees, teachers' salaries, doctor salaries, police salaries, army salaries, agricultural products, etc. everything is taxed. If it must be applied to bitcoin, then the taxable is the proceeds of the sale, or after bitcoin is withdrawn into a bank account in the currency of a country. Unless the state is willing to acknowledge officially, that bitcoin is a currency or item of value. by making rules and protecting them through legislation.

[Lakash]

If this is to become an issue, this is very broad. Why would a government of any country should tax bitcoin and bitcoin owners/holders? Bitcoin does not belong to any country.

[Ayaah]

i dont think bitcoin should be taxed. or should it be taxed? would a government of a country could tax bitcoin? i dont think so.

[mimienamphine]

Well governments can be furious because it is losing taxes due to the technology that blockchain has implemented to solve financial problems.With time when all citizens finally accept btc,then at that time no government can stop bitcoin from reaching the peak that it is set to get to soon.

[Labajah]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

perhaps, like most, if not all governments are doing, they keep imposing tax to each person’s income. governments are harvesting what ordinary people sow. taxing bitcoin will never be new to me. but i hope it will not reach to this point.

[weblaraveluser]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

That is the reason why government are banning cryptocurrency, it was very clear that they did not want their own people to get wealthy because none of them will work on the corporate world.

[Bitfling]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I am agree if tax applied on our trade or our crypto asset. Its like we buying any goods in supermarket and the price include tax. But government should make regulation first before they collecting taxes and they should not prohibit bitcoin for payment

[0t3p0t]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Sad reality but governments can still implement taxes on every local crytocurrency exchanges just like here in my country which local exchanges are regulated by the central bank. For me it is not really an issue because they can only get the tax once we made a convertion between Bitcoin and our local fiat currency. It will only be a big issue if they has the control of the blockchain where they can manipulate taxes in every transaction made by billions or trillions of addresses all over the world. I think they have to find ways to improve every country's economy without trying to make a breach on the system of Bitcoin because that is against our rights of privacy.

[Cepot]

I do not understand why the government says bitcoin is a threat to the country's economy, how is it that bitcoin actually helps the economy of people around the world, and I think bitcoin can also help reduce poverty to make people's economy better

[Bugsbey]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I do not think bitcoin is a threat to the economy of a country. Does the government do not know how it helps the unemployed citizens? They are more concerned in what they can get. They focus on the tax they did not look at the other side of crypto currency.

[BartS]

It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.

Do not get me wrong I'm not trying to justify piracy in any way or form, it's just an example to show how difficult it is to deal with a problem at a decentralized level, governments are very good at dealing with centralized opponents of any kind, but they are terrible at dealing with movements without a visible head and that do not depend on it to organize itself, which is why file sharing is still very popular even in this day and age where governments have such tremendous powers of spying over the population, which means that they have almost no hope of stopping bitcoin no matter what they do.

[jaysabi]

It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.

Do not get me wrong I'm not trying to justify piracy in any way or form, it's just an example to show how difficult it is to deal with a problem at a decentralized level, governments are very good at dealing with centralized opponents of any kind, but they are terrible at dealing with movements without a visible head and that do not depend on it to organize itself, which is why file sharing is still very popular even in this day and age where governments have such tremendous powers of spying over the population, which means that they have almost no hope of stopping bitcoin no matter what they do.

You don't have to control Bitcoin itself, you only have to control the fiat gateways, which is already in the realm of what the government does. Fiat gateways are exchanges that will convert crypto for fiat or vice versa. Because these exchanges operate as quasi-financial institutions, which are already very well-regulated, it's not difficult at all to expand current legal requirements to crypto exchanges. All (or at least most) of the major exchanges are already compliant with applicable rules and regulations or seeking to be, and what's more is that users will increasingly demand this so that there is more confidence that any wrongdoing by the exchanges will be accountable. There have been far too many scams and collapses that have happened without consequence to the bad actors, and everyone wants the confidence that the exchanges aren't run by idiots or charlatans. If the industry was capable of policing itself, it would have by now.

[bajingluncat]

if the tax is the only solution I think there is nothing wrong as long as everything is transparent with clear rules from the minimum amount of ownership amount, tax percentage and so on, lest any party feel at the disadvantage

[rainezerr]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government are just afraid of the growth of cryptocurrency because most of the people are preparing to work on bounty campaigns or trading in the market more than working on the corporate world.

[xiwanfd]

Bitcoin has existed since birth to allow people to control their money freely.

As the BTC has become more and more popular, the government can't let it go because it has hurt its interests, so regulation is inevitable, so I think a reasonable tax is the best way.

[aeternus]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

They are going to get taxes out of it eventually that is why governments are doing everything they can to regulate exchanges, but that is why also there are many developers trying to create a decentralized exchange and when that happens governments are going to be unable to tax the income that you get out of cryptocurrencies as long as you only exchange between cryptocurrencies, as soon as you exchange your crypto for fiat then you will need to pay taxes.

[Kemarit]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government are just afraid of the growth of cryptocurrency because most of the people are preparing to work on bounty campaigns or trading in the market more than working on the corporate world.

This is one of the ridiculous reason I heard why government are afraid of bitcoin. I don't know if you are serious about it or know nothing as to why government is somewhat afraid of crypto in general not just bitcoin.

Bitcoin has existed since birth to allow people to control their money freely.

As the BTC has become more and more popular, the government can't let it go because it has hurt its interests, so regulation is inevitable, so I think a reasonable tax is the best way.

Its a win-win situation isn't it? We are allowed to trade but we have to pay taxes. However, I'm totally against government imposing high taxes on it. I think they should work out something that its beneficial to both parties. And remember that we will only pay taxes if we converted crypto to fiat. But as long as we are holding it, government should put taxes on us.

[torch2121]

For me its better if the government just get tax on the transaction we exchange in fiat, nothing more and nothing less. We all know that we have KYC in Bitcoin but it is better if we keep it safe here and shouldn't be share in government. I think it is much safer. The way I observe how government run the country here its just they are interested on how they can use us and manipulate how to be used for their own good. Where we get nothing in return. Worse part of it is to be blackmailed by the government. Just like in this news. I don't know what's the truth about it but come to think of it, it is not really impossible to be wealthy in Bitcoin, buy properties and Lambo. Most specially if you are good at trading. If we can check the person in this news if his really doing trading or certified scammer. Its better not to judge by the looks.

http://news.abs-cbn.com/video/news/04/14/18/alleged-bitcoin-scam-mastermind-claims-he-was-abducted-by-cops

[ismelda_ita]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think bitcoin users should be taxed by the state if their financial economy becomes threatened. I think that is the right regulation because the payment is indeed used for the country

[jgaspar]

I suppose that my country government are fighting crypto for two reasons:
1. They dont actually understand it
2. Thay still are trying to get profit from it.

[PalindromemordnilaP]

Tax evasion could be one of the reason why government is furious about bitcoin and the cryptocurrencies. They think it can cause a hindrance to their economic growth because  a person earning in through bitcoin is tax free.

[gabmen]

Tax evasion could be one of the reason why government is furious about bitcoin and the cryptocurrencies. They think it can cause a hindrance to their economic growth because  a person earning in through bitcoin is tax free.

That and probably security. But i think there are already countries like korea that are studying regulations to address these issues. In the long run, these concerns will be hindrances to crypto's growth since without government's acceptance it can't grow to it's full potential.

[fileo]

Sometimes good motives is in the front page but at the back greediness is the main reason. Beautiful outside but garbage inside. To corrupt is the first plan, then second to help the orphans, and make infrastructure to see the good side to cover up the corrupt side. Although some government motives are pure just to help the growth of country's standard of living. All for the citizens benefits.

[Wintersoldier]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

If we are going to analyze the circle of transactions from bitcoin users, they are already being taxed indirectly the moment they purchased goods using fiat from their bitcoin savings. All the goods and services that we buy are already inclusive of tax that are periodically being collected by the government. Regardless of that fact, if the government wants to get more revenues from bitcoin, it should be sit upon and studied fairly.

[Hell-raiser]

It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.

Do not get me wrong I'm not trying to justify piracy in any way or form, it's just an example to show how difficult it is to deal with a problem at a decentralized level, governments are very good at dealing with centralized opponents of any kind, but they are terrible at dealing with movements without a visible head and that do not depend on it to organize itself, which is why file sharing is still very popular even in this day and age where governments have such tremendous powers of spying over the population, which means that they have almost no hope of stopping bitcoin no matter what they do.

You don't have to control Bitcoin itself, you only have to control the fiat gateways, which is already in the realm of what the government does. Fiat gateways are exchanges that will convert crypto for fiat or vice versa. Because these exchanges operate as quasi-financial institutions, which are already very well-regulated, it's not difficult at all to expand current legal requirements to crypto exchanges. All (or at least most) of the major exchanges are already compliant with applicable rules and regulations or seeking to be, and what's more is that users will increasingly demand this so that there is more confidence that any wrongdoing by the exchanges will be accountable. There have been far too many scams and collapses that have happened without consequence to the bad actors, and everyone wants the confidence that the exchanges aren't run by idiots or charlatans. If the industry was capable of policing itself, it would have by now.

There's just one point which you don't take into account but which makes things a little more complicated for "the government". The point is that there is no single government (conspiracy theories aside), and it is not just about stating there are over 200 of them presently. Yes, only a few matter, live up and amount to being really independent, but even one is more than enough. The contradictions between these governments are so irreconcilable that all of them will be happy to use Bitcoin or whatever if it suits their needs in opposing the rest of the pack. This includes, but is definitely not limited to, fiat gateways and exchanges in question.

I don't know if you are familiar with the events surrounding taking down btc-e by the FBI, but the end result is that the latter failed pathetically at reaching their ends. And it is likely the most powerful law enforcement agency of the most powerful and stubborn government in the world hellbent on punishing everyone to dare them which couldn't take down just one exchange. So it doesn't look like it is actually "in the realm of what the government does" when it comes to real world.

In short, there is light at the end of the tunnel.

[kidamazo]

Yes, indeed. The government of some countries have a fear that they would`nt be able to steal than, if crypto will happen.

[hejioei]

I agree with you but I don't think the ones taking the money are...

[a2offrb]

Well, Government can be furious, when it comes to the issue of collecting Taxes from Bitcoin earners due to lack of knowledge about how much exactly is generated in the Bitcoin earners Wallet due to its peer to peer nature. But let's come to think of it, Bitcoin is highly volatile in nature and its not that easy to calculate the actual amount to be taxed even if such Wallets amount is disclosed. I feel the Government other than their revenue earns through Exchanges during cash out to Fiats, could establish a low key tax payment to Bitcoin earners and enforce payment through their registration as such. We should also be obedient enough to remit taxes to our Authorities to assist our Economies where we belong.

[Ranly123]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Indeed anonymity of Bitcoin transactions give the government headaches, but it does not mean they can't control the flow of cryptocurrency in their country. I think all they have to do is support cryptocurrency and make a regulated wallets which allows users to convert and transactions through it and have it taxed. In that way they are helping their constitutes and improve their economy as well.

[airdrophunter]

This is one of the reasons why other countries are pushed to regulate and even ban bitcoin and the rest of digital currencies because they can't get any single cents from these cryptographic transactions. This is also what makes it hard for bitcoin to realize its purpose.

[Muwatti]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

If that's the solution to legalize BiTcoin and other cryptocurrency  in pur country why not...  If it is the best way to easily recognized by government the uses and existence of bitcoin why not pursuing it...  Tax is needed in our country...  And some crypto user earn a lots here even billion of money is not possible... I think if the government really saw that the user should gave a right tax why not...  But before it happens the cryptocurrency also should need to be centralized....

[kisscoin]

It's time to enter mass cryptocurrency in circulation, to do a complete decentralization and finally to protect the government from the control and high taxes which are strangling society! Enough already to milk poor people, let them breathe full Breasts and not deprive them of the opportunity to get rich! 

[bering]

regulations still be the main issue between government and bitcoin users and it just like an dead end because bitcoin users mostly don't want to pay tax for their transactions but government want every bitcoin users will be regulated and paying tax but maybe someday if government can provide the comfortable  such as security guarantees then bitcoin users might be will agree to regulated

[PatronRH]

Goverments can profit so much with cryptocurrency they can just regulate like make some taxes on the transactions and thus making money from cryptocurrency. In addition to that they can even use the technologie of blockchain and use it to improve their monetary system.

[komatovo]

Goverments can profit so much with cryptocurrency they can just regulate like make some taxes on the transactions and thus making money from cryptocurrency. In addition to that they can even use the technologie of blockchain and use it to improve their monetary system.

Xen Baynham-Herd, head of strategy and lead economist at one of the leading digital wallets, Blockchain, believes that Bitcoin could become a type of digital gold. He thinks that Bitcoin and another crypto will coexist with government-issued cryptocurrencies, because they offer fundamentally different things.

[Sword555]

Billions of dollars transmitted every day to the users and investors who in return transact a large sum of money, which should apply to the users who actually do the transaction, so I can't believe that the government really can't make a regulation of imposing the collection of tax to cryptocurrency.

[hashshashin]

As we see in practice, not all countries negatively regard bitcoin. Some countries still took it as a means of payment and actively use blockchain technology. I believe that with the correct and reasonable use of bitcoin and its technology, you can achieve great success in the development of the country.

[hermae]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

If that's the solution to legalize BiTcoin and other cryptocurrency  in pur country why not...  If it is the best way to easily recognized by government the uses and existence of bitcoin why not pursuing it...  Tax is needed in our country...  And some crypto user earn a lots here even billion of money is not possible... I think if the government really saw that the user should gave a right tax why not...  But before it happens the cryptocurrency also should need to be centralized....

I definitely agree with you. I think most of us want our governments to accept bitcoin, and I think when bitcoin is regulated, we are protected against scams and bad people who want to steal our coins. So if it happens, I think there is no problem if the government wants our bitcoin transactions to be taxed.

[laravuemaster]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It was very obvious that some of the governments are afraid for their people to get rich and no one will be interested to work on the corporate world and most of them will just focus on trading in the market.

[zhanghoqi5]

The government will not be angry at bitcoin, and they will regulate large exchanges for tax revenue.

The government will be more supportive of bitcoin's development by managing its profits.

[el kaka22]

This is one of the reasons why other countries are pushed to regulate and even ban bitcoin and the rest of digital currencies because they can't get any single cents from these cryptographic transactions. This is also what makes it hard for bitcoin to realize its purpose.

Apparently, one of the reasons why we cannot have any other way than just to accept regulation for a win. However, regulation still have a lot of limit since it is going to be restricted to exchanges and most individuals who may still be running their P2P transactions without a third party like exchanges which was the main idea of satoshi anyway will still find it pretty hard for the government to tag down for taxes.

Nevertheless, as it is, I am sure one way or the other, virtually most investors will still end up making use of an exchange at one point or the other, and with KYC, no one can escape it.

[South Park]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

If you were part of the government would you not be mad that there is all this money moving all around the world and that you cannot touch it and that you cannot tax it? Even if we do not like the tight control that governments have of the economy and society in general it is very natural for them to be mad at something that is defying their control to such an extent.

[joebrook]

I bet some countries are already charging taxes when people convert their bitcoins into FIAT, so i don't think they should be charging tax when people use cryptos to make purchases online.Maybe that's why they are calling for more regulations in the crypto community.

[PIR]

This is indeed the biggest threat for the government in a first place they have no control over it, and they seems to be losing more client and investor because they rather choose bitcoin than in banks and another thing they lose income as well so I guess there should be a way or a win-win situation over these thing...if they cannot put tax over bitcoin then the user himself will be the one who will pay tax?..

[Bitcoincole]

Although it was a biggest threat to the economic stability in a country the existence of digital or cryptocurrency. It is not cryptocurrency will adopt into governance but rather it is the government to make a rules to regulate and fine taxes for every personwho is involve on the cryptocurrency today.

[Sword555]

 It's actually possible to the government if they pursuit to tax the cryptocurrency users.

[kisscoin]

The government is sitting snickering faces, and they will never raise the economy of their country and their people! Their main task - not to allow improvement of prosperity of people! Do not let them tax, they will be small. Neither the country nor the population of this will not become richer! It's time to push these rats! 

[cryptojac17]

Although it was a biggest threat to the economic stability in a country the existence of digital or cryptocurrency. It is not cryptocurrency will adopt into governance but rather it is the government to make a rules to regulate and fine taxes for every personwho is involve on the cryptocurrency today.

Because of Blockchain technology in which the transaction is P2P in which the process is just like transferring your money from your left pocket to your right pocket in which there is no third-party involved during remittances unlike regular currency there is payment including taxes during transfer by the service provider, that's make bitcoin and blockchain technology makes  differences, the government can only implement taxation during exchange from BTC to local currency provide there is a law that would regulate on tax collection policy.

[cutikanzilong]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

The government can not interfere with bitcoin transactions, because bitcoins are hard to trace. Perhaps because of this comfortable situation bitcoin users continue to benefit without any hindrance. Taxes are one way governments gain profit for bitcoin users

[Epimetheus]

The main reason behind government furious against bitcoin like cryptocurrency is their decentralised nature. Because of this no one can control this and no government never want something in their country which they cannot control. Bitcoin also affect their economy growth by affects the tax. Due to its digital nature Bitcoin user doesn't pay tax. Bitcoin also affect an country currency value in the international market and this could happen to be a reason. 

[xsaints128]

Most of the Government will just legalize cryptocurrencies to get their share of the pie because they know that everyday billions are traded in the crypto market and they just can't ignore it anymore so we are going to see most of the Government legalize crypto in the coming times.

[South Park]

I bet some countries are already charging taxes when people convert their bitcoins into FIAT, so i don't think they should be charging tax when people use cryptos to make purchases online.Maybe that's why they are calling for more regulations in the crypto community.

Unless you live in a country which does not charge you taxes, in theory every single country around the world should be charging you taxes when you convert your bitcoin to fiat, the only reason why they would do not this is if you got losses instead of profits, but if you get profits then you're probably subject to capital gain taxes and if you want to be out of trouble you need to pay them.

[5ensei]

I bet some countries are already charging taxes when people convert their bitcoins into FIAT, so i don't think they should be charging tax when people use cryptos to make purchases online.Maybe that's why they are calling for more regulations in the crypto community.

Unless you live in a country which does not charge you taxes, in theory every single country around the world should be charging you taxes when you convert your bitcoin to fiat, the only reason why they would do not this is if you got losses instead of profits, but if you get profits then you're probably subject to capital gain taxes and if you want to be out of trouble you need to pay them.

Dubai doesn't charge tax so it would ok over there. Other governments that don't have billion in oil revenue are certainly getting annoyed and very worried at just how they will collect tax via bitcoin transactions. Also, if they get too involved then people will switch to privacy coins like deeponion or xspec.

[ilovefeetsmell]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

They can't regulate the taxes with the bitcoin. Bitcoin has broad transaction and all people were using it especially me. In my country, it is not totally illegal but legal. I think bitcoin is still under observation and government ignore its benefits. Government will become rich if bitcoin has taxes.

[mobiljonson]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

of course the government does not want to take silence in this increasingly bitcoin transaction. Just wait for them to make a new policy about bitcoin or they put taxes into each user who has bitcoin

[MiXxe]

Well, Government can be furious, when it comes to the issue of collecting Taxes from Bitcoin earners due to lack of knowledge about how much exactly is generated in the Bitcoin earners Wallet due to its peer to peer nature. But let's come to think of it, Bitcoin is highly volatile in nature and its not that easy to calculate the actual amount to be taxed even if such Wallets amount is disclosed. I feel the Government other than their revenue earns through Exchanges during cash out to Fiats, could establish a low key tax payment to Bitcoin earners and enforce payment through their registration as such. We should also be obedient enough to remit taxes to our Authorities to assist our Economies where we belong.

And I won't let them add tax to bitcoin unless we get their full support to this and shall make projects to increase the value of bitcoin. And I doubt that they will do it because they think that each country's currency will be thrown out when bitcoin happens to rule other currencies. Besides, I think it is possible to ignite a war of countries vs countries because they will wan to take ownership of bitcoin if it will not going to be a universal currency.

[cheeseandcrackers]

Taxes should apply to bitcoins sold after money is made on the market.  It should be just like the stock market taxes.  If you aren't paying taxes on your gains, you're really just asking for trouble.  Society needs taxes to run, if everyone stopped paying taxes we wouldn't even have roads or hospitals or schools. 

[apilpirman.bisnis]

Many country have billion transaction of bitcoin every day, I am still think of the government rule, why they are not trying to legal of bitcoin as payment transaction ? we could not imagination how much revenue will get by government if they are trying to legal bitcoin transaction in their country. I am still confused about government rule of bitcoin, they could take revenue and comisson fee from bitcoin transaction where reached million transaction in one day.

[setialovers]

Government should be not afraid with bitcoin. If government issuing bitcoin regulation, government will get benefits from bitcoin trading with taxes. Cryptocurrency market is potential growing market, and if government regulate the market, I am believe government earn much money from taxes

[jayyen]

If I may ask ,who is the government? We are the government and the government is us not greedy men in suit.Now if we the citizens have discovered a technology that will put an end to the greedy nature of a small group of people in official positions then why should anyone be angry.We do not Care about their anger.More grace to block chain.change is inevitable.

[Athenakim.22]

If the tax that will be collected will be used for goods then why not!.it's just that some government is corrupt that's why other's will not agree to it. That's my opinion only.

[Magiklair]

I think that the process of legalization of the bitcoin will become a grandiose thing, which will result in the furious reaction from many governments if this happen. But I am sure that this will happen sooner or later

[Aristus]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Bitcoin is really a threat to the economy of a country, bank and government become united to oppose it nut the more they oppose bitcoin the more it becomes a threat. Opposing bitcoin does not really helps, and doing this because of thinking that it creates crisis to the economy the more the economy falls. Until the government realized the advantage of bitcoin that can be helpful to the country it will remain a threat.

[Lagrood]

Surely crypto market will be regulated soon and imposed taxes and it is not so bad because market should be more clear and safeguard without scam (firstly I mean ICO, of course)

[virasog]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

There is nothing much government can do about digital currency. Since they are decentralized and no one is the controller or owner of these currencies, hence government cant make anyone accountable for it and ban it.
The best thing for the government is to accept it and regulate it. In this way it will be more beneficial for the Users and government also.

[Cynooza]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

There is nothing much government can do about digital currency. Since they are decentralized and no one is the controller or owner of these currencies, hence government cant make anyone accountable for it and ban it.
The best thing for the government is to accept it and regulate it. In this way it will be more beneficial for the Users and government also.

That's true. In order to ban crypto completely you basically need to ban the Internet. However, banning the Internet will nearly be a political suicide for most governments.

[coinplus]

This is one of the reasons why other countries are pushed to regulate and even ban bitcoin and the rest of digital currencies because they can't get any single cents from these cryptographic transactions. This is also what makes it hard for bitcoin to realize its purpose.

Well, it is a headache they are trying to find a drug to cure otherwise Japan would not be issuing a statement to all the exchanges to delist every complete anonymous digital currency by June which obviously will be affecting the likes of Dash, Monero and so on.

Good thing that bitcoin is pseudo anonymous, so every activity on the exchanges can still be tracked anyway. It is normal for government to do this when they know there would just be some who would want to use currencies like this to want to stay clear of the government tax radar.

[Hell-raiser]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

There is nothing much government can do about digital currency. Since they are decentralized and no one is the controller or owner of these currencies, hence government cant make anyone accountable for it and ban it.
The best thing for the government is to accept it and regulate it. In this way it will be more beneficial for the Users and government also.

I tend to disagree with this point, at least to a degree. In fact, governments can deliver a lot of damage to crypto and its users. It is just a question of effort and coordination between them as well as apprehension and concern. In a nutshell, governments are too slow to react in time, but that doesn't mean that when they react at the end of the day, it won't be detrimental, especially if they manage to come to the lowest common denominator between themselves, so to speak, and that would mean a universal ban on crypto. That's unlikely to happen but if we assume such a development, if purely hypothetically, the effect would be devastating.

Indeed, they can't ban crypto technically as that would mean outlawing the entire Internet, as others have already mentioned, but to hurt it badly banning crypto de juro and actually going after both cryptocurrency users and businesses alike would suffice, for most practical intents and purposes.

[Glorypaasa]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think the government need to appoint one agency where all the users need to declare that he/she a bitcoin users and government need to appoint only one bank where all the users can convert their bitcoin into cash by that they can put a proper tax for every bitcoin users.

[Elkafi]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think, The government should accepts bitcoin. The government can make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed. so, it will be income for the country.

[dado7]

I don't know. In my country, they tax the income from those transactions.

[Pinoyfan]

until now  government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something 
but its better to collect tax in a bitcoi earner than to provoke the government  and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall

we are lucky cause here in the philippines bitcoin and other cryptocurrencies are legal our government file a case where all of cryptocurrency are welcome in our country cause they know that it is a good opportunity for their citizens. theres a lot of benefits in a single country when they accept bitcoin.cause bitcoin can lift the whole economy. imagine bitcoin will circulating all over those country we should think about it we can raise bitcoin all over are self so government will legal it.

[South Park]

I bet some countries are already charging taxes when people convert their bitcoins into FIAT, so i don't think they should be charging tax when people use cryptos to make purchases online.Maybe that's why they are calling for more regulations in the crypto community.

Unless you live in a country which does not charge you taxes, in theory every single country around the world should be charging you taxes when you convert your bitcoin to fiat, the only reason why they would do not this is if you got losses instead of profits, but if you get profits then you're probably subject to capital gain taxes and if you want to be out of trouble you need to pay them.

Dubai doesn't charge tax so it would ok over there. Other governments that don't have billion in oil revenue are certainly getting annoyed and very worried at just how they will collect tax via bitcoin transactions. Also, if they get too involved then people will switch to privacy coins like deeponion or xspec.

I did not knew that Dubai did not charge you capital gains tax, I learn something new everyday, but I did knew that there were countries like that but those countries are a minority compared to the rest of the countries which charge you very high taxes for every form of income that you get, this is why they fear bitcoin because if bitcoin becomes popular governments will need to get smaller.

[Wolfwar]

until now  government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something 
but its better to collect tax in a bitcoi earner than to provoke the government  and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall

we are lucky cause here in the philippines bitcoin and other cryptocurrencies are legal our government file a case where all of cryptocurrency are welcome in our country cause they know that it is a good opportunity for their citizens. theres a lot of benefits in a single country when they accept bitcoin.cause bitcoin can lift the whole economy. imagine bitcoin will circulating all over those country we should think about it we can raise bitcoin all over are self so government will legal it.

Not every government will agree to date on the legalization of the country's crypto currency. There have been repeated statements of officials in the mass media that the crypto-currency may be a danger to national interests. But I can not understand what this danger is.

[baundul]

The government can play an important role here. If the government can complete the transaction, the tax can be set there. Taxation is done on the bank transactions. But the government does not see it, it's illegal. Or the level is putting extra tax.

[mindrust]

until now  government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something 
but its better to collect tax in a bitcoi earner than to provoke the government  and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall

we are lucky cause here in the philippines bitcoin and other cryptocurrencies are legal our government file a case where all of cryptocurrency are welcome in our country cause they know that it is a good opportunity for their citizens. theres a lot of benefits in a single country when they accept bitcoin.cause bitcoin can lift the whole economy. imagine bitcoin will circulating all over those country we should think about it we can raise bitcoin all over are self so government will legal it.

Not every government will agree to date on the legalization of the country's crypto currency. There have been repeated statements of officials in the mass media that the crypto-currency may be a danger to national interests. But I can not understand what this danger is.

It is the danger of the absolute truth. With blockchain tech, it is not possible to lie. Since USA abandoned gold reserve system and moved to debt/FIAT monetary system it is possible to lie. Luckily, their lies only useful for delaying the inevitable.

Corruption spread over the countries like a disease because of this monetary system. The countries which already has nothing to lose especially gonna favor this new tech.

Those who have many to lose however, especially those who have the power of printing reserve currencies, they will either try to control it and if not become successful, they'll try to destroy it. We'll see.

[wuvdoll]

As we see in practice, not all countries negatively regard bitcoin. Some countries still took it as a means of payment and actively use blockchain technology. I believe that with the correct and reasonable use of bitcoin and its technology, you can achieve great success in the development of the country.

Imposing tax collections will be restricted to the use of exchange, so let's face it, tax collection is something that cannot be easily achieved by the government across board unless this is the case.

However, it is a simple fact that a higher percentage of users are still going to be making use of exchanges anyway, so I do not see how this should be a problem in tax collection. Now, regulation is imposing KYC to be done in most of the exchanges, which I believe would make it easy to track down every user with respect to taxes.

[JRDuran]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Bitcoin becomes or stands as the threat of the government around the globe is because they don't allow it to take part in their economic system. If only they will allow it they will use it as one of the asset concerning economic growth.

[realcrypto]

The citizen give reference to the government because of the services they render to the society, securing life and property. If government still want things to be difficult for the cryptocurrency fans we will start running our own decentralize society. We will still spend the money for goods and services let the taxation be done at that point not while exchanging.

[Stephen1989]

capitalization between the countries it will be like a grain of sand. Big private companies are bringing much more revenue than a fully regulated crypto economy would. At least at this stage. Also, governments are getting their share from BTC to fiat transactions. Do you think it's not enough?

[ArteMixer]

It is extremely unhealthy for a county to accept crypto as it actively drains money from the ecosystem of the state. So it is much more efficient to ban it.  

[bitkanu]

It is extremely unhealthy for a county to accept crypto as it actively drains money from the ecosystem of the state. So it is much more efficient to ban it.  

Then why do you even here? LOL, accepting cryptocurrency is not that dangerous for country with good economy or in other words prosperous country like those 3rd world countries
that have relatively weak economic, people need to know this including you so you don't just uttering nonsense word that's definitely misleading.

[trako]

a fair tax system will please both sides. This is a difficult job. there is a need for comprehensive tax reform. countries should make supportive arrangements for bitcoin.
Money enters the country is the work of all governments.
if a number of online facilities are provided, governments...

[naidray]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Indeed anonymity of Bitcoin transactions give the government headaches, but it does not mean they can't control the flow of cryptocurrency in their country. I think all they have to do is support cryptocurrency and make a regulated wallets which allows users to convert and transactions through it and have it taxed. In that way they are helping their constitutes and improve their economy as well.

That can still play out easily for those making use of exchanges since it is basically capital gain tax and I guess all the information during the period of your purchase, holding and withdrawal is all opened to the exchanges which can be made use of since it is a centralized exchange and the account as well as wallet is attached to such an individual.

Nevertheless, in the category of those who may not be making use of exchanges, that is where their problem lies, but who really cares how furious they want to get anyway ?

[websoftwareengineer]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Cryptocurrency already has transaction fees from the exchangers or wallets that they are using so how come they are telling that bitcoins does not have tax because we are paying a decent amount of transaction fee's each time we are passing our coins.

[SaShiRaJaVu]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

If there is a good regulation we could stop fraudulent activities in the entire crypto market, we wont be seeing anymore scam ICO and ponzi schemes that are intended to fraud the investor, tax is applied when you convert your coin to the local fiat currency and there is nothing the government can do to disrupt the new way.

[Minus7point5]

Let he governments be furious until they get what they want- part of the profits.
THis is usually how it works in this world, they take what they want when they want to.

[Semaj123]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Cryptocurrency already has transaction fees from the exchangers or wallets that they are using so how come they are telling that bitcoins does not have tax because we are paying a decent amount of transaction fee's each time we are passing our coins.

Even though that they claim they get nothing from cryptos, to think the government can still be benefited from crypto users because we converted crypto to fiat to buy goods and services. What the government wants is to get more money from the crypto users but sadly they can't make it.

[bearexin]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

The government can not interfere with bitcoin transactions, because bitcoins are hard to trace. Perhaps because of this comfortable situation bitcoin users continue to benefit without any hindrance. Taxes are one way governments gain profit for bitcoin users

Yeah you are absolutely right. The government official and ministers use taxes for their benefits and not for people of the country. I agree with you that we should not pay tax especially on cryptocurrency. It must remain decentralized so that the governments have nothing to do with crypto. I don’t want to pay any kind of tax because the government doesn’t use it for us.

[noah tall]

The main reason behind government furious against bitcoin like cryptocurrency is their decentralised nature. Because of this no one can control this and no government never want something in their country which they cannot control. Bitcoin also affect their economy growth by affects the tax. Due to its digital nature Bitcoin user doesn't pay tax. Bitcoin also affect an country currency value in the international market and this could happen to be a reason. 

Yeah it is right and if I talk about myself I want that this system should not change forever. I don’t want bitcoin or any Altcoin to be decentralized because government will impose income and sales taxes on bitcoin. Now they can only take tax as you say on transferring into local currency. That is no problem and we cannot stop this but I want bitcoin tax free.

[perfryan]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Take payments in bitcoin you're creating  a cash economy,it can't be monitored by the government
A big part of of the early bitcoin adopters were people deeply worried about government.the early bitcoin adopters
Were anarchist and libertarians that feared in Orwellian world.

[doomloop]

until now  government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something 
but its better to collect tax in a bitcoi earner than to provoke the government  and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall

we are lucky cause here in the philippines bitcoin and other cryptocurrencies are legal our government file a case where all of cryptocurrency are welcome in our country cause they know that it is a good opportunity for their citizens. theres a lot of benefits in a single country when they accept bitcoin.cause bitcoin can lift the whole economy. imagine bitcoin will circulating all over those country we should think about it we can raise bitcoin all over are self so government will legal it.

Governments in action on the legality of Bitcoin look into the situations in country. We have seen that the decisions of legality of Bitcoin depends upon the economy of a country because developed countries adopt Bitcoin immediately because they accepted Bitcoin for the better future of people and the country. Many governments do not allow Bitcoin because they want the tax system but do not know how benefit the Bitcoin is and this is why the countries that adopted Bitcoin are developing more.

[jaysabi]

It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.

Do not get me wrong I'm not trying to justify piracy in any way or form, it's just an example to show how difficult it is to deal with a problem at a decentralized level, governments are very good at dealing with centralized opponents of any kind, but they are terrible at dealing with movements without a visible head and that do not depend on it to organize itself, which is why file sharing is still very popular even in this day and age where governments have such tremendous powers of spying over the population, which means that they have almost no hope of stopping bitcoin no matter what they do.

You don't have to control Bitcoin itself, you only have to control the fiat gateways, which is already in the realm of what the government does. Fiat gateways are exchanges that will convert crypto for fiat or vice versa. Because these exchanges operate as quasi-financial institutions, which are already very well-regulated, it's not difficult at all to expand current legal requirements to crypto exchanges. All (or at least most) of the major exchanges are already compliant with applicable rules and regulations or seeking to be, and what's more is that users will increasingly demand this so that there is more confidence that any wrongdoing by the exchanges will be accountable. There have been far too many scams and collapses that have happened without consequence to the bad actors, and everyone wants the confidence that the exchanges aren't run by idiots or charlatans. If the industry was capable of policing itself, it would have by now.

There's just one point which you don't take into account but which makes things a little more complicated for "the government". The point is that there is no single government (conspiracy theories aside), and it is not just about stating there are over 200 of them presently. Yes, only a few matter, live up and amount to being really independent, but even one is more than enough. The contradictions between these governments are so irreconcilable that all of them will be happy to use Bitcoin or whatever if it suits their needs in opposing the rest of the pack. This includes, but is definitely not limited to, fiat gateways and exchanges in question.

I don't know if you are familiar with the events surrounding taking down btc-e by the FBI, but the end result is that the latter failed pathetically at reaching their ends. And it is likely the most powerful law enforcement agency of the most powerful and stubborn government in the world hellbent on punishing everyone to dare them which couldn't take down just one exchange. So it doesn't look like it is actually "in the realm of what the government does" when it comes to real world.

In short, there is light at the end of the tunnel.

My point didn't come across, so let me rephrase. The government already controls traditional fiat gateways, which are points at which you exchange fiat for electronic cash. Banks, currency exchanges, money transfer businesses, brokerages, stock exchanges: all regulated by the government. You cannot move large amounts of money through any traditional fiat gateway anonymously because they are so tightly regulated. These same choke points exist for crypto. You don't have to control crypto, you just have to pass regulations outlawing all the traditional gateways from dealing in it, and because the people running the businesses can't do so anonymously, violations of the law will be easy to prosecute. That won't kill crypto completely, but it will greatly reduce its use and value by driving it deep underground and stall adoption for normal people who aren't interested in becoming criminals by using it and deal with the hassle of trying to avoid detection in converting fiat back and forth. There would essentially be no incentive to any longer except for criminals at that point.

[Sword555]

We should keep in mind that all the transactions that are made with the bitcoin are not going through the authorities and that means that they have no way to put a tax on it. I would say that the most important reasn that makes some countries limit the bitcoins use or maybe ban it at all.

[komatovo]

We should keep in mind that all the transactions that are made with the bitcoin are not going through the authorities and that means that they have no way to put a tax on it. I would say that the most important reasn that makes some countries limit the bitcoins use or maybe ban it at all.

Cryptocurrencies are leading to loopholes in the current bank’s data about the money transactions leading to inability to track economic activities. Crypto and Cyberspace has emerged as a power in itself thus bringing a check on the activities of the so powerful governments.

[reactgirolles6]

From many days before only, they were furious because their primary revenue has been denied after geeting support from the electrical coins

[Dark Sky]

We should keep in mind that all the transactions that are made with the bitcoin are not going through the authorities and that means that they have no way to put a tax on it. I would say that the most important reasn that makes some countries limit the bitcoins use or maybe ban it at all.

Yes government shouldn't apply any tax on bitcoin users because bitcoin is a very helpful way to make our life comfortable in this tough situation which is government cannot handle and that's why poverty is not reduce by government, so bitcoin start this campaign to reduce poverty by this currency and their future will also secure because bitcoin investment will give them a lot of profit, so government should more support bitcoin.

[Sword555]

There is no way for Governments to tax anything and everything just because of the movement of the value from one place to another.

[aeternus]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think the government need to appoint one agency where all the users need to declare that he/she a bitcoin users and government need to appoint only one bank where all the users can convert their bitcoin into cash by that they can put a proper tax for every bitcoin users.

That is a terrible idea, you will be playing right in the hands of the government, why do you want only one bank appointed by the government where you can withdraw or convert your bitcoin to cash? I know that some people want to cash out already and they find it to be a little bit difficult but that is the way it's going to be for a long time until more people adopt cryptocurrencies.

[Kakawate]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think the government really is being furious about cryptocurrency, because they cant take their wanted portion or the share that they wanna take to whatever business that takes place in their goverment. Now that bitcoin is being gradually used inside most of the countries, people are actually gaining and earning big without the government having to take what they think they should be recieving.

[Idaujotaite]

When the government can’t control something- that’s when they get mad. There is no way they can stop people from doing transactions and investing.  Just because the government says they’re coming up with new ideas they probably aren’t

[staineddreserved7]

The Govt would have been not any way furious in any system. When they gets hurted over their interest, then comes the time of them

[ivrynx]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.

[rimueng agam]

If the government is furious with bitcoin transactions because they do not get anything, why do not they just legalize this bitcoin, but if they legalize this bitcoin they can take taxes from bitcoiners so that it can increase the income of the state and will be better in economic terms.

[Rastafarian]

The democratic, republic, monarchy government of countries that set and administer policies and exercising and sovereign power get a little or no profit/revenue from the transactions that are being carried out in the country. The government in turn becomes infuriated and tries to ban the transactions that have been occurring within the country. Because of the lack of funds to the government, countries are trying ways and means to dumb the coin. Can there be any means the government take to get some funds from the transactions of bitcoin? 

[kodtycoon]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I personally would be ready if bitcoin users had to pay taxes, because after all taxes are a good thing for every country. But with the note of bitcoin users who transact over several dollars to be taxed, so there must be rules for that. so that no one feels aggrieved and that everything is better.

[hygroscopicgymnasiumd]

if God askes ever how important it was then without any thought I will say thats obvious from the barking of the haters LOL

[Pinoyfan]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think if our government think like that they will.adopt bitcoin and other cryptocurrencies so quickly cause they will knew that more money will bring by bitcoin. Bitcoin can lift a country. Country that supported him. Cause many work are can bring by bitcoin.

[Ch01ce0N3]

If bitcoin is part of a thing that can improve the economy of its people in a country, I think it's very good. Despite the problem of the country where they live get nothing from it. But as a policymaker and regulator, I think the government should dare to give or impose taxes. That way, neither the society nor the government, both get the profits and the economy increases. If bitcoin users do not want to be taxed, make a choice. If necessary sanctions firmly.

[7Dyoknga5]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

This is one of the reasons why some countries ban cryptocurrencies, they are having difficulty finding ways to tax transactions made tru cryptocurrencies.

If all people resort to cryptocurrency transactions to avoid taxation (financial freedom according to some) , governments will be forced to ban bitcoin as it causes economic problems.

[Persiville]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

This is one of the reasons why some countries ban cryptocurrencies, they are having difficulty finding ways to tax transactions made tru cryptocurrencies.

If all people resort to cryptocurrency transactions to avoid taxation (financial freedom according to some) , governments will be forced to ban bitcoin as it causes economic problems.

Yeah. This will result to a big trouble, since the nature of bitcoin and other cryptocurrencies are decentralized, which they cannot really manage to put their hands into crypto money. The results are still unsure, but i am a bit excited also to what will happen next.

[Sword555]

Users shouldn't be obligated to pay tax in no shape or form of it, except, maybe, some special situations and cases.

[Guryon_master]

If the government would really want to control bitcoin in think the only way to do that is to control the exchanges. Implementing tax to all exchanges and this will lead the exchanges to put a high fee from the users of bitcoin and will help the economy to grow if this is what they really concern about.

[tukang_rosok]

If the government would really want to control bitcoin in think the only way to do that is to control the exchanges. Implementing tax to all exchanges and this will lead the exchanges to put a high fee from the users of bitcoin and will help the economy to grow if this is what they really concern about.

goverment must be wise if they implementing taxes for crypto exchanges.impose big taxes to exchanges, make investor fund will run to abroad that considered more comfortable for investor.

[patarfweefwee]

Right down to it, the governments wants a piece of the crypto currency pie. They will ban it, tax it and so on because they want in on it. They will say BS like "to prevent illegal transactions" and stiff but really all the government wants is money. Plus, they maybe cornered bu the banks because crypto currencies threaten fiat.

[squog]

If a country with the resources and a stable and strong economy make a coin. Then i would guess that the project will be to use for good and services in the country. If you want to buy abroaythen you have to buy the coin and exchange it. It would work like fiat but a decentralized one at that. I think im Venezuela they do this now. Not sure though.

[19Nov16]

The government furious with bitcoin is certainly reasonable, we hear that bitcoin is only a place to hide money so as not to be taxed, other than because of the many illegal transactions such as drugs or weapons that utilize bitcoin.

[zucknail]

The government furious with bitcoin is certainly reasonable, we hear that bitcoin is only a place to hide money so as not to be taxed, other than because of the many illegal transactions such as drugs or weapons that utilize bitcoin.

legal and crime transactions using bitcoin actually only small amount.below 1 percents.but goverment and other media blow this as main reason to banned bitcoin and other cryptocurrency.

[aeternus]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.

They do not care about what we want, they see a new industry and governments cannot stop themselves from wanting to get what they consider to be their share of the pie, but for the first time an industry was designed to avoid exactly that and governments do not know what to do, they never faced an opponent like cryptocurrencies before, they are very good at dealing with centralized enemies but they cannot really understand how to deal with a decentralized enemy.

[Sword555]

Absolutely, there are no authorities who are happy with the fact that crypto currencies are not easy to control and find out the details of transactions made with them. So the solution to this case would be the creation of some kind of digital wallet that allows its users to make transaction which is easier for taxation too.

[gadimbrut]

the authorities can not impose a tax on bitcoin if the country is bitcoin not yet legal, the main requirement to levy taxes on crypto is to legalize it. this is in my opinion

[Maame Esi Sergio]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

That should inform these governments about the potentials of bitcoin. How do you expect to get revenue from somethings so innovative yet you despise so much. If they will come to realize and accept bitcoin as how it is, then I think there could be a regulatory body which will help return some income to the governments. It is decentralized, everyone wants a decentralized economy to aid transparent transaction. 

[amih]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

as I know we will each make transactions to transfer from one address to another it will have a reduction for the transaction fee and I think it is like existing taxation. and also when I will redeem the bitcoin assets to be converted to USD, of course there will be a discounted fee. and also when I will transfer USD from exchange bitcoin to account number that I have at bank of course there will also be fee for transfer. I think with these pieces of course the tax system has gone well.

[crazyavdik]

It is extremely unhealthy for a county to accept crypto as it actively drains money from the ecosystem of the state. So it is much more efficient to ban it. 

[Ch01ce0N3]

Legitize bitcoin legally and in accordance with state rules mutually agreed between bitcoin and the government itself. So both can benefit equally. Thus, the economy will grow in the country as well and increase.

[Marium Diaz]

Many countries have recognized BTC's legal status and revenue tax!

This is conducive to the development of digital cryptographic currency, because the government can participate in the market of digital encryption money, guide the development of the market reasonably, and avoid criminal behavior!

[Persiville]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.

They do not care about what we want, they see a new industry and governments cannot stop themselves from wanting to get what they consider to be their share of the pie, but for the first time an industry was designed to avoid exactly that and governments do not know what to do, they never faced an opponent like cryptocurrencies before, they are very good at dealing with centralized enemies but they cannot really understand how to deal with a decentralized enemy.

I somehow agree with you. As of now, the only thing they can do is limit the usage of crypto or worst case scenario would be banning crypto. The regulation of crypto is what most of the people are also waiting, most specially those companies who are also interested about the blockchain technology.

[zakariajaki]

my opinion is the advantages and superiority of crypto, wealth or personal transaction without being influenced by regulation or local government system, so the interference of others is very mini, I think the government should protect the people with taxes that have been paid so far instead of making new regulations with the existence of crypto or bitcoin, the system is in the cypto system is very privacy and the government should appreciate it, then the government just adjust it with this system and if the government is objected should the government more mengamakan provide comfort per pengerutkan crypto, crypto system should not be feared but embracing the cause of crypto one way to overcome the saturation of traditional economic practices and new windows to open the future and technology, may be useful and successful for all of us

[viyumztf]

Indeed, there is no way for government departments to levy taxes on bitcoins. I do not think this is a good thing. Perhaps moderate regulation and taxation are beneficial to the government's attitude, so that the government will more support encryption.

[the13thsymphony]

The only way countries can benefit from cryptocurrencies os to join the bandwagon them selves. By creating their own blockchain and token they will ensure to take the transaction fees in exchange of taxes to be used by the government. The only problems is that the support of the people and to ensure that the fees gain will go to their countires project.

[Sword555]

In addition to that, you have to pay attention to the bitcoin's position in particular country since there is a possibility that you have to pay taxes for it.

[Burogh]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

I think government not affraid on bitcoin but government dont have regulation to collect taxes. Many government right now want to regulate bitcoin or crypto trade to collect taxes and i think its because bitcoin can be a threat to their economy

[Blackrain13]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

   I think government can apply tax to all bitcoin users through exchange. If the government has a coordination with the exchange it could be possible for them to put taxes on every bitcoin transaction. If it will happen the transaction fee will increase more but it is better to pay tax than our country ban bitcoin and other cryptocurrency. I hope one day government will see the good impact of crypto in our economy and to the lives of many people.

[Nitnit13]

The government is only afraid that a crypto currency such as bitcoin will not be in control for the future. So they prefer not to receive bitcoin in the country.

[Saiful Islam777]

I think the government is worried about Bitcoin. It can affect the country's economy at any time. It is not just bad that economic impact can bring good direction to the country. But Bitcoin is not illegal, and it is an online technology that makes people work faster and easier.

[Lehbane]

Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed.

Today I think they are trying now to study block chain wherein they are monitoring accounts that want to avail the service of the government by creating account on a legal site, and it's the people option as well so, we can choose free from tax with out legal security or with tax and law security.

[Eliyo]

Economies are managed by people via policies. Taxation is one of the policy instrument used by government in raising funds to run its affairs. Player of the crypto world exist in communities made possible by tax revenues, it may therefore be meaningful to thinker on how best the crypto-world could partner with the government for the overall socio-economic development. However utmost care must be taken not to infringe on the characteristical sanctity of the crypto currency technology.

In this wise therefore the idea of brainstorming for a mutually beneficial regulation should be explored.

[pprun]

Let say tax will be implemented throughout the countries that partners of crypto will be great and shows of not being selfish by individuals who have transactions of bitcoin. For me it is a good move for self gain and countries favor.

[Cryptoproff]

If this is to become an issue, this is very broad. Why would a government of any country should tax bitcoin and bitcoin owners/holders? Bitcoin does not belong to any country.

[asabed256]

The taxes governments take from Exchanges, ICOs and token sales should be enough. I don/t know how it would be possible to tax individual crypto owners apart from the government taking sums of money from Exchanges which may consequently affect crypto owners during transactions.

[Sword555]

From one side, it is tottaly people's choice whether to pay taxes or not because they are not working with some centrilized srevices so theyare not being tracked by means of private account so it is almost like they have nothing to be responsible for.

[pencuri hati]

governments are furious, perhaps because they can not be taxed on bitcoin activity and find it difficult to set rules for those who do bitcoin activities.

[Kapee]

The problem that is risen when nowadays concerning bitcoin has been debated upon by bounty hunters in the sense that the government is interested in getting some revenue from each and every transaction we make pertaining to bitcoin. The government is always raising the concern that they do not receive any fund or revenue from the frequent transactions we make that is bitcoin transaction. There has been some rules and regulations the government is about setting up to solicit a little fund from those transactions. I wonder how much I will pay for the transactions.   

[maruf_h20]

Bitcoin is not clear to everyone. so there is a controversial problem with this.the administration wants to get revenues in this case.i think there should be some policies in dealing with Bitcoin transactios.And in this case, the administration should provide adequate revenue.

[pureclckr]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.

They do not care about what we want, they see a new industry and governments cannot stop themselves from wanting to get what they consider to be their share of the pie, but for the first time an industry was designed to avoid exactly that and governments do not know what to do, they never faced an opponent like cryptocurrencies before, they are very good at dealing with centralized enemies but they cannot really understand how to deal with a decentralized enemy.

I somehow agree with you. As of now, the only thing they can do is limit the usage of crypto or worst case scenario would be banning crypto. The regulation of crypto is what most of the people are also waiting, most specially those companies who are also interested about the blockchain technology.

Even if they would limit the usage of cryptos, they can’t stop people from using these crypto because the people are earning huge profits from these cryptos almost every day in their lives and they won’t let anybody, not even the government to stop their profits. If the government would ban crypto exchange in their country, they would find other means of transactions.

[omonuyak]

My government has not done much with the revenue and taxation they tax the innocent citizens of my country, therefore,  I don't think it deserves to get tax from cryptocurrencies.  I like this decentraliziation system because it makes it difficult for governments to tax cryptocurrencies proceed.

[BlueStackz]

Indeed, there is no way for government departments to levy taxes on bitcoins. I do not think this is a good thing. Perhaps moderate regulation and taxation are beneficial to the government's attitude, so that the government will more support encryption.

Many governments are serious about the use of Bitcoin and recently Germany declared the Bitcoin as a legit and genuine currency and is using it for the better future of country.

Some governments are furious due to the use of Bitcoin as their tax getting and banking system has reduced a little. They are worried but they are not watching the better lives of its people as they are doing well with it and making their lives better.

[BitcoinMarketer39]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

In my own opinion, taxes are already considered as fees and because of that, there is no need to ask for tax, the only reason why government is asking for tax is that, they want to get more money from people which will directly go to their own pocket.

[MainIbem]

I see the government as greedy. There are several ways to tax citizens. Direct and indirect tax exist in every country. Owners of cryptocurrency may not pay direct tax on their cryptocurrency, but cannot avoid paying indirect tax. Again, it is a small fraction of the population that are into cryptocurrency. So the agitations by government from my standpoint is unwarranted.

[ShadowBits]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Yes, it is true. Without knowing who is transacting then I think they don't know who are they going to take the taxes from. So that they will become furious.

[anhhung409]

I think that is normal. Because Bitcoin outweighs them a lot, it helps investors avoid taxing, not being financially controlled. In addition, it also helps criminals make illegal transactions or money laundering, bribery, etc. Too many disadvantages for the government, so they get angry.

[5ensei]

When they find a way to tax bitcoins and other crypto currencies it will take a huge step towards mainstream adoption. No one likes to pay taxes but it will help in the long run because governments will allow all forms of bitcoin payments and transactions

[ayambawang]

taxes, a matter oftentimes in this forum, I started to ask what the government is so relied on the income from tax btc? what's so powerful? in my opinion there is no problem if the procurement of the tax is mandatory or an absolute requirement for btc can be accepted as something legal but there must be a clear absolute rule of law that does not harm anyone and there are independent institutions that organize and supervise all that so there is a means for complaints and accountability answers when there is fraud happening,

[validavi]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Tax should definetly be taken on crypto profits but there should be no additional tax. With time we will see more countries supporting crypto.

[green_fish]

If BTC is required to pay tax, it means that the country has recognized the legal status of BTC and can profit from Bitcoin's transaction.
BTC is accepted by more people and the price of BTC will rise!

[cryptostardom]

I believe there are other ways that the government can get revenue form Bitcoin and other cryptos without taxing holders of Bitcoins. The government should find other ways such as having their own digital coin like China, or perhaps establish trading or exchange systems Also if the government agencies and stores that being taxed by the government start to receive Bitcoin payment.
Moreover if the holder of Bitcoin are getting high incomes I believe it increase the person's wealth and will help the economy in the long run. 

[King Koy]

The only way to make bitcoin effective in economy is to let it works freely in a country instead of banning. Let every private sectors use bitcoin freely and from them government can manipulate bitcoin through controlling the sectors of how much they earned from using bitcoin and from here will be the basis of their taxes.

[The cure]

Many bitcoin users are also agree if governments will regulate bitcoin,or will impose taxation. Because,if it will be happened,bitcoin will also be legalized,and many people will be benifited in bitcoin.

[aeternus]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.

They do not care about what we want, they see a new industry and governments cannot stop themselves from wanting to get what they consider to be their share of the pie, but for the first time an industry was designed to avoid exactly that and governments do not know what to do, they never faced an opponent like cryptocurrencies before, they are very good at dealing with centralized enemies but they cannot really understand how to deal with a decentralized enemy.

I somehow agree with you. As of now, the only thing they can do is limit the usage of crypto or worst case scenario would be banning crypto. The regulation of crypto is what most of the people are also waiting, most specially those companies who are also interested about the blockchain technology.

It seems to me the only limit to cryptocurrencies are cryptocurrencies themselves, governments may try to regulate them or to ban them but if the utility of cryptocurrencies is still there then the people will keep using them, some will stop to use them if a ban is implemented but many will not care since they do not really worry about government approval at all.

[Escf4]

The government is furious about bitcoin ,because of its characteristic of being a decentralized kind of currency that is circulating in the digital world, so the goverent are furios because they can not monitor the activity of bitcoin and other cryptos, can not implement taxations on bitcoin and can not manipulate the movement of bitcoin that is the reason government is so furios about bitcoin.

[patrickj]

Without a doubt ambiguity of Bitcoin exchanges give the administration migraines, however it doesn't mean they can't control the stream of cryptocurrency in their nation. I think they should simply strengthen digital money and make a controlled wallets which enables clients to change over and exchanges through it and have it burdened. In that way they are helping their constitutes and enhance their economy also.

[pellor mas]

The government understands that they can not only impose any taxes and everything just because the value is being moved from one place to another. On top of that, it also depends per country what Bitcoin is classified as, and based on it you may end up having to pay taxes in certain situations.

[DMCR lah]

the government of any country can not earn income or income from this transaction and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country.

[b3j0]

the government is not entitled to impose a tax if it does not do anything, but if the government makes a rule to protect bitcoin then the government is entitled.

[Kim Ji Won]

This is the reason why the Government of any countries upon legalizing the use of cryptocurrencies needs to create an extensive regulation to it because they feel cheated when they are not getting any revenues from the billions of transactions happening in the crypto world. They know that the money they could get from the taxes if implemented to the people who are using cryptos could somehow help their economy.

[hajimasan]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

In actual every government of every country have Thier own opinion toward the bitcoin , at one side they are thinking that bitcoin is using by the people for illegal activities and opposite of this side they are thinking that lots of money is entry our country easily .
So a type of thinking here working and few governments made good rules to regualte the bitcoin use in perfect way so that people only can use bitcoin for simple and fair use instead to use in illegal things by making the use of every transaction in digital .
But opposite of this few countries are failed to make perfect rules to regulate bitcoin , so they are thinking to ban .
If we take exmaple of the country where I am living then here the government is not saying clearly that whether they are going to ban or regualte or legalisation anything , they are only making rules that are creating difficulties for us to use bitcoin buy and sell .

[katiecbell]

I see the government as greedy. There are several ways to tax citizens. Direct and indirect tax exist in every country. Owners of cryptocurrency may not pay direct tax on their cryptocurrency, but cannot avoid paying indirect tax. Again, it is a small fraction of the population that are into cryptocurrency. So the agitations by government from my standpoint is unwarranted.

Governments are now realizing the need of Bitcoin and that is why recently we have seen the act of Germany and recognized the Bitcoin for the first time ever in their history. This need is feeling to other countries as well because they are watching and observing the economies of other countries which are using Bitcoin. They also need this and soon the whole world will demand for it.

[manismanja]

if the traders who play bitcoin charged taxes it seems not good and not good because players do not always get a profit and should not be bitcoin can be controlled by the government.

[henmark]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

In my own opinion, taxes are already considered as fees and because of that, there is no need to ask for tax, the only reason why government is asking for tax is that, they want to get more money from people which will directly go to their own pocket.

There are some countries across the world that have been furious about the technologies like Bitcoin and have banned them there. This was a huge downfall to Bitcoin and the demand simply fell to the ground. However there is nothing to be afraid of Bitcoin and the technology should be spread instead. As a result of this act, we might seem some beautiful financial days in future.

[Twentyonepaylots]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

The financial institution of the government is not stopping by looking into the Bitcoin digital transaction, they want a full regulation of crytpo currency transaction, taxes on every trading or transaction of Bitcoin, as simple as it is may sound but it may end up on the total control on market trading of Bitcoin. Yet, it is difficult for them to have a total control simply because of the Decentralized system. and this is the possible reason on the never ending issue of Regulation.

[Neraj Evad]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

The financial institution of the government is not stopping by looking into the Bitcoin digital transaction, they want a full regulation of crytpo currency transaction, taxes on every trading or transaction of Bitcoin, as simple as it is may sound but it may end up on the total control on market trading of Bitcoin. Yet, it is difficult for them to have a total control simply because of the Decentralized system. and this is the possible reason on the never ending issue of Regulation.

Government are furious about this happenning that they can not take control on bitcoin, they can not impose taxes to bitcoin transaction and payments, and mostly they cannot regulate what they want from bitcoin

[ilhamdoni]

Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everyday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction.but  I don't think that a lot of people (if not all) will probably be not that comfortable in having crypto's be centralized or regulated.

[nyerok]

yes you are right the government's ambition is very high not to legalize bitcoin and it will attract taxes for bitcoin users and actually it does not really matter because not all bitcoin users always benefit.

[jamesclark]

In near future this question can be regulated i think, because not all government are corrupted, so they can create a method of real way to make transactions with small taxes

[Levin23]

why should the state impose a tax on bitcoin transactions? should the state not suffer losses when there is a bitcoin transaction, so, in my opinion there is no state reason to set taxes for bitcoin transcation.

[jameshowlett]

I see the government as greedy. There are several ways to tax citizens. Direct and indirect tax exist in every country. Owners of cryptocurrency may not pay direct tax on their cryptocurrency, but cannot avoid paying indirect tax. Again, it is a small fraction of the population that are into cryptocurrency. So the agitations by government from my standpoint is unwarranted.

Governments are now realizing the need of Bitcoin and that is why recently we have seen the act of Germany and recognized the Bitcoin for the first time ever in their history. This need is feeling to other countries as well because they are watching and observing the economies of other countries which are using Bitcoin. They also need this and soon the whole world will demand for it.

I don't think that imposing taxes on bitcoin users would be an easy job to do since bitcoin transactions is anonymous so how can governments trace the people who are behind these transaction, let alone tax them. But again I agree with you as the number of bitcoin users in my country doesn't take up much of the population and the people here have to pay like hundreds kinds of tax and we have no way to avoid it. Moreover, there are doubts about where these taxes will actually end up because we heard on the grapevine that most of them usually goes into politicians' private use. So I don't support imposing taxes on bitcoin.

[sepeda karat]

now the government will not penetrate the system o crypto if they will legalize btc they do it to get something but it's better to collect taxes in bitcoin seekers than to provoke governments and make them realize that btc is not beneficial in the economy if they just ban it across the country making btc prices fall. In any form or form the user is required to pay taxes on their transactions, except from a few cases and situations. I do not even understand why you are making a problem from the fact that currently most of the transactions are not taxed.

[ekalak manjeng]

the government is very angry, most likely because they feel they get nothing from the results of bitcoin transactions in any case. let them legalize and tax the bitcoin users. of course they also benefit.

[kingsarko]

The government has no reason to be furious because bitcoin is changing lives and it is the way to go now.It is only interested in the taxes it will get without looking at the realities

[Sergio444]

Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed.

The government can only make a move to earn some amounts as tax from the crypto business if only there is a grant from these governments to accept the potentials of blockchain technology. You can't gain money from something that you despise and wanting its shutdown. I don't agree to the fact that governments want to make taxes out of crypto. That will centralize the blockchain tech.

[huige007]

if the traders who play bitcoin charged taxes it seems not good and not good because players do not always get a profit and should not be bitcoin can be controlled by the government.

The government is just furious at the fact that crypto currency particularly Bitcoin can outshine their existing systems if the technology was introduced into the country. And there are so many people who are demanding the government to lift ban from the technology and allow the masses to make use of the incredible facilities it provides plus the financial freedom it promises.

[zakariajaki]

my opinion is related to government tax regulation, just simple, cypto is a very dramatic technological advancement and highly awaited by all parties of business and economy that is still a traditional, technological sophistication that scare the economy and modernization is in the crypto as the beginning of the idea, I the government just justifies the regulation because modernization is said to have said no government interference because crypto is private and privacy, the country need not worry because crypto does not disturb the country's stability in economic problems, if the country feel disturbed the existence of crypyo I think the state shall facilitate and maintain comfort in a technological manner over its safety, in accordance with its tax payments. so opinions from me, may be useful and successful for us all

[think3214]

I suspect this has everything to do with the mentality of the Chinese population. I mean they are eager to look into everything new and adopt it quickly. Look what happened in Japan and then multiply that by a factor of 10. Therefore, the Chinese government rightfully fears this universal craze over cryptocurrencies. It is not like Bitcoin threatens the local economy directly

[110910ktx]

I am not for imposing taxes on transactions. However, if they are to ban bitcoin thoroughly, I will move along with the taxes because whether you like it or not, the government is more powerful than you and you can do nothing to it.  I too hate the fact that there are taxes which is the first reason why I got into this industry in the first place. But as what you have said, we are powerless to oppose the decisions of the government

[bealjulian]

Well governments can be furious because it is losing taxes due to the technology that blockchain has implemented to solve financial problems. It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally

[Sakash]

The government of many countries have tried to bring BTC under its control and the BTC would like to get VAT from the users. But because of not taking money from BTC, the government is doing these things...

[noictib]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

In my opinion every country have lots of users of the bitcoin and I am sure that every country government have made indirectly rules of the tax system ( by taking consideration of the bitcoin like Cryptocurrency assets in the other tax category ) .
And here I can say that the world of the cryptocurrency market is giving big contribution to the country economy to make it better because here the simple example of mine country is that they are not going to legalise but they are collecting tax from the users , that is a simple Indication that they will allow bitcoin to use with overall profit of tax system .
And I think this type of the transaction and revolution of the new new coins will continuously go one in the future because the problem of unemployment is solved by the bitcoin taking place and also people are getting in this field directly without seeing in another category to work .

[queenlaurel]

Government cannot get revenues because it is what they cannot control or dig into without the knowledge of each Bitcoin user. The only thing they can do in order for them to promote the economy since they can see that millions are being realised from Bitcoin is to appeal to people generally to help make their country grow. Don't want to believe people will be greedy enough not to help build their economy because it is for everyone's comfort.

[BlueStackz]

I see the government as greedy. There are several ways to tax citizens. Direct and indirect tax exist in every country. Owners of cryptocurrency may not pay direct tax on their cryptocurrency, but cannot avoid paying indirect tax. Again, it is a small fraction of the population that are into cryptocurrency. So the agitations by government from my standpoint is unwarranted.

Governments are now realizing the need of Bitcoin and that is why recently we have seen the act of Germany and recognized the Bitcoin for the first time ever in their history. This need is feeling to other countries as well because they are watching and observing the economies of other countries which are using Bitcoin. They also need this and soon the whole world will demand for it.

Yeah, I am observing furious situations in the countries where some governments are talking about the Bitcoin and other cryptocurrencies. They have seen the progress of other countries which are currently using the Bitcoin therefore they are also negotiating about the Bitcoin and its adoption.

Recently Germany has recognized the Bitcoin and they realized that the Bitcoin will also boost up their economy like some other country’s economies are getting better with it.

[stellgod]

Yes it’s true that no government can earn revenue from Bitcoin transactions. I have read about Russia starting up some Bitcoin mining farm to mine Bitcoins. If governments can’t earn revenues from Bitcoin, maybe mining Bitcoin is the best move to take, cause they can be able to earn from the fees that are being paid to miners. So there is no need to be getting furious over Bitcoin or whatsoever. They should just start mining and help the Bitcoin community lol.

[guizi6]

Ultimately, it can be affirmed by the state's supervision. This is a condition for the cryptocurrency to survive. The end result is that the country can monitor and the cryptocurrency cannot be used for illegal purposes. Then the state has no reason to stop it.

[aeternus]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

In my own opinion, taxes are already considered as fees and because of that, there is no need to ask for tax, the only reason why government is asking for tax is that, they want to get more money from people which will directly go to their own pocket.

There are some countries across the world that have been furious about the technologies like Bitcoin and have banned them there. This was a huge downfall to Bitcoin and the demand simply fell to the ground. However there is nothing to be afraid of Bitcoin and the technology should be spread instead. As a result of this act, we might seem some beautiful financial days in future.

They are trying to slow down bitcoin and they are being successful but once adoption begins to grow once again in those countries where bitcoin is banned then what else those governments can do, first world counties understand very clearly that it is impossible to stop bitcoin and that is why they are avoiding banning it and instead they are using regulations because if they banned it and bitcoin kept growing that will show how weak they really are.

[gowobonyok]

but the government also does not lose, the state is also not harmed right? keep going like this alone is enough. because if the government gives regulation to crypto, surely they will take a high tax.

[redsun114]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

In my opinion every country have lots of users of the bitcoin and I am sure that every country government have made indirectly rules of the tax system ( by taking consideration of the bitcoin like Cryptocurrency assets in the other tax category ) .
And here I can say that the world of the cryptocurrency market is giving big contribution to the country economy to make it better because here the simple example of mine country is that they are not going to legalise but they are collecting tax from the users , that is a simple Indication that they will allow bitcoin to use with overall profit of tax system .
And I think this type of the transaction and revolution of the new new coins will continuously go one in the future because the problem of unemployment is solved by the bitcoin taking place and also people are getting in this field directly without seeing in another category to work .

Governments who recognized the Bitcoin are now better positions and many other countries are working on it to adopt it or not and studying its effects and benefits.

Recently Germany has recognized the Bitcoin and this indicates that the Bitcoin has recognized and passed correctly from a developed country which is encouraging other countries as well. However some central banks are against but they will soon realize its need in country.

[jamesclark]

It's hard to say about each country as a whole. However, the country can help and support the crypt by introducing laws to facilitate the withdrawal of funds, investing in crypt enterprises, construction, technology, there are many methods, the main desire.

[NevejElad]

The government are furious on bitcoin because they can not controlled the bitcoin activities , because bitcoin is decentralized type of currency, they cannot implement taxes on bitcoin ,theuy can not regulate the opetations of bitcoin ,that is why the government is so furious about this bitcoin and cryptocurrency.

[weiweianll]

The tax authorities in some countries and regions have classified BTC and other cryptocurrencies as “assets” and imposed taxes on them!
In the future, the government will effectively manage and supervise the cryptocurrency, and taxation on cryptocurrency will become a normal state!

[mrs_bitcoin]

I think that with the beginning of development of technology blockade the government was very much interested in this technology and in the future they will unite into something completely new.

[cherrymobile]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government officials and technology. I even its own right, the market to invest it you are respectable. The real problem is a new way to keep your. Cause I support cryptocurrency and the right now is not capitalism. The only one who has worked in your own site, but we have been working

[jamesclark]

Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everyday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction.but  I don't think that a lot of people (if not all) will probably be not that comfortable in having crypto's be centralized or regulated.

It will not be convenient for people, but if money is invested transparently to the state, people will see in this bright future with a future for future generations.

[weblouartisan]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

government is furious because they are getting their own capital or funds from the banks and people are preferring to use cryptocurrency more than fiat so definitely, their funds will be decreasing due to cryptocurrency growth.

[Lexurdania]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

government is furious because they are getting their own capital or funds from the banks and people are preferring to use cryptocurrency more than fiat so definitely, their funds will be decreasing due to cryptocurrency growth.

We knew that banks always lobbying on government about regulation. Government and central banks afraid on cryptocurrency because they can not control crypto supply and they can lose control on money supply.
Government should takes benefits from cryptocurrency by collecting taxes from crypto trades. If cryptocurrency market growing bigger, government can have a large taxes too and i think its mutual benefits

[jamesclark]

Yes it’s true that no government can earn revenue from Bitcoin transactions. I have read about Russia starting up some Bitcoin mining farm to mine Bitcoins. If governments can’t earn revenues from Bitcoin, maybe mining Bitcoin is the best move to take, cause they can be able to earn from the fees that are being paid to miners. So there is no need to be getting furious over Bitcoin or whatsoever. They should just start mining and help the Bitcoin community lol.

I agree about governments, they can only create mining Farm nothing more. They can't take benefit for themselves, only for the country in whole.

[yuzefa]

The tax authorities in some countries and regions have classified BTC and other cryptocurrencies as “assets” and imposed taxes on them!
In the future, the government will effectively manage and supervise the cryptocurrency, and taxation on cryptocurrency will become a normal state!

This is their goal, but it's impossible to control cryptocurrencies!
That's why Satoshi made BTC, to hide our assets from banks and governments.

[cahbagus555]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

If government want to collect taxes from cryptocurrency trades, I think government should issuing regulation first. Its really comfortable if government collecting taxes from crypto trades because thats mean cryptocurrency is not illegal anymore

[2start]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Should taxes apply to users who do bitcoin transactions?
I do NOT think. the government has too much tax

When do users feel comfortable with this situation? what is the proper regulation to address this issue to help each country improve its economy?

for users to feel comfortable, the government must support crypto and not levy taxes on crypto transactions someday. crypto must be legalized.

[TanteStefana]

I think if we would have developed some kind of united law and regulations system, it would be some much easier for us. Lets say, if some country decide to accept crypto - they will have a pack of rules to accept along with them, and taxes also.

[geopolisch]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Whether furious or not furious is all their business and nobody cares. Bitcoin  is open and anyone is allowed to make use of it and the government  cannot stop anyone from making use of it except those that are citizens and no particular government can charge tax from bitcoin users,  although they can possibly find a way to charge users that are located in their tax, but that will be a very difficult thing to do cause many people will still find a way round it.

In fact this is not something that has to do with government,  they should mind their work in making their country a better and peaceful place to live and not worrying about bitcoin.

[Tiktik]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Future of the government to invest in cryptocurrency is really amazing. Cause we have to think of cryptocurrency and especially the future, and technology in this era. I even the e eh, I support cryptocurrency not capitalism and it you are actually being a new study, and technology in your own home,

[Xintenson]

I don't the US governments cares all that much about cryptos, so long as you pay your taxes on any of your earnings.

[Lorence.xD]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

We have different opinion on this issue, one, Government want to regulate Bitcoin or crypto digital transaction, almost all of the government financial institution is looking into the possible Regulation on Bitcoin transaction, they started with the Banned, then developing own Blockchain by the different business corporation which eventually launched as their own. Yes, almost all government or the countries that Bitcoin is visible are looking into the Bitcoin transaction. They are amazed how Billion of transaction are happening thru digital transaction, that's why they are very much interested on the said transaction.

[david_019]

Sometimes I do not understand why government is angry with bitcoin and to all crypto currencies. Cryptos specially bitcoin are helping the the needs of every individual who involved himself in it. If they really care for people's need they will give time to study how crypto currency is important and can help the economy. The only problem why it becomes threat is because they declare it as illegal and by this the scam are growing because of lack of regulation.

[realaccountakira]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Mostly corrupt and greedy governments would be more interested in crypto for tax and revenue purposes. This is a detrimental way of thinking because instead of focusing on actual innovation and the good the technology can actually bring, citizens are instead left behind by progressive countries.

I would like to think that government should first let crypto realize its true potential and actually help humankind first. Taxation and revenue can come after.

[toolucky98]

until now  government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something 
but its better to collect tax in a bitcoi earner than to provoke the government  and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall

yes they can't take something from this crypto transaction, they can't even have any tax regulation about bitcoin or other decentralized cryptocurrency

[Comfort1]

The government is always furious with the transactions that takes place since no fund or revenue is received by the government.Hence they try to put a halt to bitcoin transaction.

[compak_comunity]

If a government in a country feels angry might create a new regulation on taxes including appropriate measures to keep the merchants in the of earning an income because the existence of bitcoin can actually have a positive impact on one's life, especially in the economic system.

[Nyenyepogi]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government furious at least, and technology. I believe that they are respectable in this era of cryptocurrency and especially bitcoin, I believe that bitcoin will fall to invest it is not sure if you are respectable. I even though it is the future of cryptocurrency and technology in the future, and technology

[mdgabrielzim]

The government has always been able to survive extorting the population and now that this system is changing the government will try at all costs to get in this way to get its share. I hope it continues for a long time, because no one in the world is forced to give their money to unknown people and that most of the time they enjoy it for their own benefit.

[jamesclark]

I see the government greedy. There are several ways of taxing citizens. Direct and indirect taxes exist in each country. Owners of cryptography may not pay a direct tax on their cryptography, but will not be able to evade indirect taxes. Again, this is a small part of the population that is in crippling currency. Therefore, the agitation of the government from my point of view is unfounded.

[stewert]

I think if the state thinks that way, suppose that bitcoin is a threat to their economy, then it is wrong and wrong thinking. The government should be able to create opportunities from bitcoin, that bitcoin is very high value and the people of its economy are helped. If the government can see the opportunity, then the government may impose a tax on bitcoin but not on a one-sided policy but make a collective agreement; between bitcoin and government. Not harming and only one party. If bitcoin is directly subject to a confirmatory tana tax, it is not impossible to make bitcoin to leave the country and those who use it will feel lost, so their economies will again weaken.

[breathlessz]

I see the government greedy. There are several ways of taxing citizens. Direct and indirect taxes exist in each country. Owners of cryptography may not pay a direct tax on their cryptography, but will not be able to evade indirect taxes. Again, this is a small part of the population that is in crippling currency. Therefore, the agitation of the government from my point of view is unfounded.

because the government is trying to attract as much tax and the results for equitable development in the country. I think it's a good thing if the government does that, because not all citizens are rich

[megatrix]

I think this is the main reason why some governments are already making regulations about Bitcoin. They are implementing regulations that will impose the taxation on Bitcoin transactions. They are making sure that the success of Bitcoin would already benefit and help get taxes for the good of the nation and its people and not just certain number of businessmen who are into Bitcoin.

[katiepower]

I think that with proper regulation, the number of frauds in the crypto-currency market should be reduced. On the other hand, the volatility, and hence the potential income, will decrease.

[ivull]

as for problems that make the government angry from various problems from anywhere such as from politics and corruption

[Saldom12]

naturally the government is furious with bitcoin, because they think bitcoin is a barrier and can threaten their paper money or state money. And bitcoin also can not be set by it, maybe with all this the government growled with bitcoin.

[ValerieBTC]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Whether furious or not furious is all their business and nobody cares. Bitcoin  is open and anyone is allowed to make use of it and the government  cannot stop anyone from making use of it except those that are citizens and no particular government can charge tax from bitcoin users,  although they can possibly find a way to charge users that are located in their tax, but that will be a very difficult thing to do cause many people will still find a way round it.

In fact this is not something that has to do with government,  they should mind their work in making their country a better and peaceful place to live and not worrying about bitcoin.

Central banks and government of some countries are against the Bitcoin mainly in Arab countries where they banned its use and it was not allowed in some European countries too but recently Germany recognized it and slowly it is growing all over the world. Countries which have bad economic conditions are also asking for a proper system to welcome cryptocurrencies and especially the Bitcoin.

[qwirtiii]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Bitcoin is a hidden transaction without taxes and let me ask ,How they can trace the people to convince to pay their taxes.I dont know how.I think this is comfortable to use because you have no hassle in paying bills or sending money to some people.It is created to be use by the people who has a lot of works or busy and no have time to waste their precious time also it is used to earn more without taxes or it is used alternative in your work to earn for the future.

[davinchi]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

That’s because they are not supposed to be getting tax from it. The government has nothing to do with Bitcoin and its none of their business. I don’t know if your have read about Bitcoin to know about it. Bitcoin gives you freedom from government and bank when it comes to saving your money.

In Bitcoin you’re completely in charge of your money and have yourself to blame if anything happens to your money. But in banks, if your gets lost you can blame the bank. So when the government are not the ones safeguarding your money, they have no right to charge you tax.

[toolucky98]

I see the government greedy. There are several ways of taxing citizens. Direct and indirect taxes exist in each country. Owners of cryptography may not pay a direct tax on their cryptography, but will not be able to evade indirect taxes. Again, this is a small part of the population that is in crippling currency. Therefore, the agitation of the government from my point of view is unfounded.

because the government is trying to attract as much tax and the results for equitable development in the country. I think it's a good thing if the government does that, because not all citizens are rich

it is true that not all citizens are rich, but taxes are paid according to the ability of the person

[GDragon]

If they don't want this thing happen, just find another way like send their employee to build team inside of it. That is not a bad idea at all so right? hahaha. Putting a tax is not good idea for me because it can affect the transaction fee of every user. Right now, we are currently enjoy the rules and regulation of it but someday government will stop that I believe.

[cxmyifan16]

I think that it is obvious that government is against the btc and coins but to my mind the situation will change soon. and everything will be fine. I think that the market will have changes soon

[jamesclark]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government in my opinion is used to control everything around and bitcoin and cryptocurrency means that it would be self-regulated and unable to control, it is one of the main reason.

[pendekar cinta]

I think the government has an important role when it comes to setting bitcoin taxes because with the existence of the regulation one does not become worried if want to continue to invest in crypto and state also progressively progressed rapidly later.

[jeronimosuykens]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

That’s because they are not supposed to be getting tax from it. The government has nothing to do with Bitcoin and its none of their business. I don’t know if your have read about Bitcoin to know about it. Bitcoin gives you freedom from government and bank when it comes to saving your money.

In Bitcoin you’re completely in charge of your money and have yourself to blame if anything happens to your money. But in banks, if your gets lost you can blame the bank. So when the government are not the ones safeguarding your money, they have no right to charge you tax.

I think so. The government has nothing to do with the electronic money market.
Bitcoin gives you freedom from government and banks when saving your money.
But in the bank, if you lose you can blame the bank.
So, when the government is not protecting your money, they do not have the right to tax you.
So really consider before investing.

[katrimans]

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Bitcoin is a hidden transaction without taxes and let me ask ,How they can trace the people to convince to pay their taxes.I dont know how.I think this is comfortable to use because you have no hassle in paying bills or sending money to some people.It is created to be use by the people who has a lot of works or busy and no have time to waste their precious time also it is used to earn more without taxes or it is used alternative in your work to earn for the future.

When it comes to that of the government and the bitcoin, there are certain countries whose governments are taking some serious steps to promote the bitcoin and rest of the crypto currencies and that they are also planning of declaring these coins as legal currencies. However, the countries who are not in favour of this thing are only furious because of the decentralized nature of the crypto coins.

[greengirl]

To improve the economy of a country, the government must take the right steps, especially catching up with the times. A country that does not have technology updates, will not develop. Talking about Bitcoin, the authorities are eager to manage Bitcoin, that can not be denied.

[ClaraFowler44]

I think it is not fair to impose a tax on something that is not real. Taxation is the stifling of the creation, monitoring, and reporting of all transactions that may prevent investors from making further investments in ICOs or upcoming currencies. This could limit the amount of funding available for cryptocurrencies and blockchain technology, as well as strangling an industry that seems to be the future backbone of the world economy.

[zxcv cool]

The government will also choose to resist or pay attention to the development of the blockchain. After all, the blockchain technology is the development direction.