Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: princessgirl on November 10, 2018, 01:33:39 AM

Title: What is your opinion on Tax and Regulations in crypto?
Post by: princessgirl on November 10, 2018, 01:33:39 AM
Taxes are good, no doubts about that because it is the means through which most of the development in a country is based on. Crypto users pay taxes indirectly through the exchange transaction fees. These exchanges are taxed in the end.
Regulating crypto makes it centralized, hence some benefits may cease to exists such as the elimination of the interruptions of third parties.
Title: Re: What is your opinion on Tax and Regulations in crypto?
Post by: Raboni on November 10, 2018, 02:38:28 AM
Once tax implemented there are benefits to help the growth of country's economic issue. On that day crypto users cannot resist the rules as long as it is strictly implemented and must be follow. Regulations in crypto must base on the reality issues to get the important matters to enhance the good sides with crypto and tax system.
Title: Re: What is your opinion on Tax and Regulations in crypto?
Post by: ZionRTZ on November 10, 2018, 07:19:05 AM
Regulating crypto makes it centralized, hence some benefits may cease to exists such as the elimination of the interruptions of third parties.
You mean regulating cryptocurrency exchanges? If so, then yes they will become centralized.
I do not think the benefit of eliminating third parites will cease to exist despite regulations.