Do crypto traders pay tax?

[Doctor]

Once cryptocurrency be regulated for sure there will have tax for the crypto traders. In some countries cryptocurrency is forbidden due to severe famine and economic downfall. Tax helps the communities to have a better life if possible.

Yes It is true mate. When crypto currency be regulated , The government will take the taxes. Tax is income for the country.

[pelana vreo]

I think yes, some countries have regulations on crypto investment, I have crypto assets that are taxed when making withdrawals from crypto to fiat. If I am a holder, I think there is no tax.

[Gastonic]

No. That is why government try to regulate crypto because in crypto the government canoot get tax on it. But pretty sure in the future the government will impose it.

[oxwell]

I think crypto traders don't pay taxes. Then what I know is with you, that traders cannot be taxed for transactions but indirectly, they pay their tax quota to the exchange where the trade is conducted. I think that is a natural thing, because the government will certainly do everything possible to legalize Crypto with certain conditions.

[ankusharora1980]

If a trader crossing the taxable income slab then there is no harm in paying the tax.

[densuj]

Yes cryptocurrencies traders pay tax on my local market although it is not directly paid by the traders, the market pay tax to government via fees transaction buy and sell on the exchangers. Some fees transaction will be paid for tax and the other for the market. If the market does not pay the tax its service will be stoped by the government, based on this procedure it is mean the traders pay tax.

[dentolas]

At the moment in Portugal, there is also no tax for crypto. Of course that if the exchanges are registered and legal, they'll pay tax at their registration country...
Seems to be a global division between governments that accept crypto and want to have profit with it (taxes), and countries that are against crypto...
In time I don't know about the taxes, I suppose that it will be natural to have taxes on crypto if everything becomes legal and organized, but I got thinking that with the developmnet in crypto, there might be less and less need of governments and taxes....

[gurunanakji777]

Its a good news that germany announced tax free for all crypto users it will definitely helpful to increase the crypto users in germany. When many other countries will regulate the cryptos in their countries I think we all have to pay taxes on that according to country rules and regulation. We all indirectly pay taxes as transaction fee to the exchanges but I feel after regulations a new revolution in cryptos will take place and crypto will boom at high pace after that.

[May]

I don't think that tax payments are needed in the cryptocurrency business because some countries and governments have not adopted cryptocurrency, there is no need to pay taxes.

[Sapp]

In my opinion, when many other countries will regulate cryptos in their country, we all have to pay taxes in accordance with state regulations and regulations. We all indirectly pay taxes as transaction fees to the stock exchange but I feel that after the new revolution rules in the cryptos will occur and crypto will explode at high speed after that.

[cukong]

It depends on the laws and regulations that you have in your local area. Every country has its own rules regarding cryptocurrency. Many countries do not have clear regulations.