[2018-04-23] Crypto Coin Traders Protested in Front of the Polish Ministry of Fi

[Vladdirescu87]

Crypto Coin Traders Protested in Front of the Polish Ministry of Finance in Wars

Recently introduced policy taxing cryptocurrency led to a large demonstration in front of Polish Ministry of Finance. On Cryptocurrency traders, including some respected politicians, publicly expressed their disapproval of the new fintech regulating legislation with a protest.

The Polish authority supervising the country’s financial market passed a law that puts a 1% tax on a virtual coin’s price, such as bitcoin, litecoin, and ethereum, for every transaction. Furthermore, each trader has to fill in a PCC (stamp duty) document for each transaction conducted with a digital currency. Taking into consideration a trader who is performing a lot of small transactions, it will take the whole of eternity to fill millions of paper sheets for each separate case.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-coin-traders-protested-in-warsaw/

[Leyss]

People are quite active everywhere defending their right to an effective and free occupation of crypto-currency activities. Filling in a separate document for every transaction with a large volume, this is a meaningless lot of work. The government tracing the object of taxation in this case simply shifts to the shoulders of the citizens themselves, not caring that this is for them to be excessive work. One percent of the tax amount of each transaction is also something new, I do not know of a country where all transactions are taxed. The Poles really need to assert their rights, including in the judiciary.