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Author Topic: No Crypto Taxes Until 2030: Proposes New Ukrainian Bill  (Read 532 times)
incomefromcoins
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May 11, 2019, 06:33:19 AM
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Ukraine is developing crypto friendly bill for crypto investors now we can see more blockchain development projects from Ukrainian
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May 13, 2019, 06:56:23 AM
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Ukraine is developing crypto friendly bill for crypto investors now we can see more blockchain development projects from Ukrainian
I am still quite confused about these moves by Ukraine because government generally would never support anything that is not under their control and what they will not benefit from.

We all know that the system of cryptocurrency does not really permit transparency due to its anonymous nature, and if Ukraine wants companies in their country to operate on blockchain technology for good 10 years without them interfering or placing any tax burden on them, how would they get money within this 10 years, would there GDP not reduce? Still wondering how this freedom fully given to blockchain companies will benefit them.
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May 13, 2019, 10:52:15 AM
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The bill that has been introduced in the Ukrainian parliament which proposes a halt on cryptocurrency taxation of any nature in Ukraine until the end of 2029, would definitely be something all crypto people would get behind. The questions is, how does cryptocurrency taxing work? And is there a fair way around it?
I don't know anything about crypto taxation. How exactly does that even work? How do they charge you tax for making use of cryptocurrency since it is anonymous or are these taxes charged when you trade cryptocurrency from an exchange? In my country when I want to trade cryptocurrency I don't make use of exchanges, I make use of a p2p system where I send my cryptocurrency to the buyer and they will send payment from their bank accounts to mine. This has been the system I have been using since I started crypto and it has been working out for me.
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May 13, 2019, 02:25:27 PM
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The bill that has been introduced in the Ukrainian parliament which proposes a halt on cryptocurrency taxation of any nature in Ukraine until the end of 2029, would definitely be something all crypto people would get behind. The questions is, how does cryptocurrency taxing work? And is there a fair way around it?
I don't know anything about crypto taxation. How exactly does that even work? How do they charge you tax for making use of cryptocurrency since it is anonymous or are these taxes charged when you trade cryptocurrency from an exchange? In my country when I want to trade cryptocurrency I don't make use of exchanges, I make use of a p2p system where I send my cryptocurrency to the buyer and they will send payment from their bank accounts to mine. This has been the system I have been using since I started crypto and it has been working out for me.
Well, I didn't know too much about tax on crypto because since I joined, I have heard many people say that this is a special system, the government does not control our activities, want to collect taxes from us is impossible. In addition, the government did not have any support for us, if they wanted to collect taxes, it was truly absurd, believing that many people would not accept the issue, contribute and receive again, that's what they should do if they want to tax

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