Colombia clamps down on crypto tax evasion as adoption thrives

[newshunter]

Colombia clamps down on crypto tax evasion as adoption thrives

Colombia’s tax authority is tightening the screw on Bitcoin and cryptocurrency-related tax evasion against a backdrop of burgeoning cryptocurrency adoption.

Source: Colombia clamps down on crypto tax evasion as adoption thrives

Would appreciate your opinion about this

[TomPluz]

This is a big good news coming from Columbia. The big reason why the government is doing something on tax evasion is because there is a burgeoning cryptocurrency transactions from the people and yet the government failed to get something out of them. They want a share of the actions...more revenues to finance the government operation or probably to give more to the poor, a very noble intention actually. Well, the government is just doing its job. I am then hoping that soon there can be a clearer regulations coming from the government side on this matter so that the interest on crypto can really continue and everybody can be benefited. I guess the next story will be clamping on scams and frauds because human nature can tell us that it can be the natural progression of things before crypto can be fully legitimized.