Government Furious

[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.

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[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.