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Author Topic: Controlling Bitcoin  (Read 232 times)
geard
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August 22, 2018, 03:16:22 PM
 #41

In my country Indonesia, bitcoin users are required to pay taxes.

If there is a profit when trading / buying or investing in bitcoin, it is taxable income. In accordance with the self assessment system, the taxpayer reports the income in the annual tax return and pays taxes.

In addition, there are no specific calculations regarding the benefits of bitcoin investment, Normal only, the difference between the selling price and the purchase price is the profit that is the object of income tax.

He asserted, taxpayers must also include bitcoin ownership in the column of assets in their annual tax letters. If not included and the treasure is found, the taxpayer can be threatened with fines.
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U2018
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August 23, 2018, 01:48:39 PM
 #42

Most of the areas that regulate cryptocurrency merchants nowadays are designed to increase taxes, and they do not actually control Bitcoin!

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Jimbo201
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August 23, 2018, 02:58:11 PM
 #43

İt depens on what you mean by controlling.To control bitcoin you have to own it.
Other than that, governments can have lots of it if they want to but it looks like that is not happening openly.
We don't know who the whales are, or if they are working for some government really.Maybe they are already controlling it.

Every Shareholder is a owner and we all have equal rights. If someone has got more BTC, doesnt matter. The ideology is right and the timing is superb.
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August 23, 2018, 05:18:27 PM
 #44

I Dont think so.Its really difficult to do any government.How can they track BCT holders?

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Diane757Clarke
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August 24, 2018, 08:09:53 AM
 #45

When the value of the cryptocurrency is high, the government is forced to tax as well as business negotiations on the financial market.
cokroalif
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August 24, 2018, 08:27:05 AM
 #46

You may not understand and read about cryptocurrency, it cannot be controlled by the government or other people, because of its nature, so many interested parties, BTC is decentralized meaning there are no centralized entities / institutions that print money, but money printed by users. This is what causes Bitcoin to emerge as a decentralized system.

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Lumberjackpj
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August 26, 2018, 09:19:25 AM
 #47

I don't think it's technically possible. For the moment, at least. The government might get some kind of a tool to do so, but as far as I understand, they don't have a way to do so directly.  Cool

Right. They cannot do it directly, but they can catch some people when they are trying to spend some fiat they had earned from the crypto: some governments have a threshold amount for spending in their country. As soon as the amount you are trying to spend legally reaches the threshold amount, they start demanding that you provide some proof of the source of money you are going to spend. This is one way to control it, but there might be lots of others.
Larrycool
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September 04, 2018, 11:19:17 PM
 #48

Bitcoin cannot be controlled by anyone, not even the government of the day, one of the reason is, bitcoin is a digital currency, not Fiat, It is decentralised and volatile. all these characteristics are not under the control of anyone.
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