Government Furious

[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.