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Author Topic: Romania has approved a 10% tax on profits from cryptocurrency trading  (Read 442 times)
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February 10, 2019, 07:39:35 AM
 #41

It's good to see that Governments are coming forward to use crypto, making laws too. A question in my mind, How Govt gonna detect all the crypto users if they never went to the bank? How they will monitor every transaction in their country?
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February 11, 2019, 05:55:20 AM
 #42

It's good to see that Governments are coming forward to use crypto, making laws too. A question in my mind, How Govt gonna detect all the crypto users if they never went to the bank? How they will monitor every transaction in their country?
Its great, and there will be more of it in the future. Some countries are open for new technologies and in my opinion countries that accept cryptocurrencies before others will have more benefits in the future from that, something like early adopters have more benefits over everyone else here. They don`t need to monitor every transaction, they just monitor exchanges and the people who did KYC, but you still can be off the grid if you want that,



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February 11, 2019, 06:42:02 AM
 #43

It's good to see that Governments are coming forward to use crypto, making laws too. A question in my mind, How Govt gonna detect all the crypto users if they never went to the bank? How they will monitor every transaction in their country?
Its great, and there will be more of it in the future. Some countries are open for new technologies and in my opinion countries that accept cryptocurrencies before others will have more benefits in the future from that, something like early adopters have more benefits over everyone else here. They don`t need to monitor every transaction, they just monitor exchanges and the people who did KYC, but you still can be off the grid if you want that,
Still it is impossible to analyze the exact statistics of crypto users in their country because cryptos also can be bought from P2P in that case there will be no recorded data on crypto holdings and some exchanges have KYC for less limit and if people using that exchange everyday to hide themselves from taxation.

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