Do crypto traders pay tax?

[xeroz]

Germany announced tax free for all crypto users.

It is absolutely a great support from the government of Germany. The regulation for tax free will be very helpful for traders to earn more income. I think traders will be interested to develop their works in trading by giving tax free. I hope in my country, the government will have the same policy.     

[leodiaz]

Not. Crypto traders do not pay taxes. The government cannot supervise and provide regulations to pay taxes in conducting trade. Because Crypto is decentralized, so in conducting trade and transactions, no one can monitor it, including the government, the world of crypto is a free digital world, so it doesn't need tax.

[bigzone]

Actually, if we talk about crypto systems. Crypto is actually not able to be bound by taxes because it is indeed decentralized and relies more on Blockchain as its technology. So there is no story Crypto pays taxes for the government, because in Crypto we can be free in transactions, no need to pay taxes or all kinds of things.

[eldial]

As this moment crypto trader will not pay tax because of misunderstanding about the rules which is be going to introduced of cryptocurrency but otherwise the government will not cooperate what they want and the exactly of percentage to be given in the government.

[backfirst77]

Currently there is no tax paid when trading cryptocurrency. But subject to transaction fees that are immediately deducted when we buy or sell. Maybe one day it can be taxed if the government has made official regulations.

[Deallove9]

This is one of the reason government has been trying to stop cryptocurrency to have life cause the tax is where they make the huge some to their centralized world, and I don't think it will be a good thing to pay tax when trading cryptocurrency but most of the centralized exchanges or even all need to pay tax to government of the region they are operating from.

[kemalramdanu]

In Spain, 60 companies were asked to disclose data about cryptocurrency holders suspected of avoiding taxes.

The Spanish Tax Administration launched a campaign to find cryptocurrency owners who use this currency to avoid taxes and wash money obtained through illegal means.

[lembayung]

It's impossible for Crypto or crypto trading to pay taxes. Because the Crypto world is a decentralized world that uses the Blockchain system. So that with this system it cannot be arbitrary for the government to tax us. Basically, Crypto cannot be infiltrated by the government and the Bank and they cannot supervise our activities in it.

[Ferki]

Germany announced tax free for all crypto users. I don't know about other countries but tax are paid directly or indirectly by each one. Traders may not be charged taxes for their transactions but indirectly, they pay their quota of tax to the exchanges where the trading is done. These exchanges pay taxes directly or indirectly when making the final conversion from crypto to fiat.

This is not truth,trading with cryptocurrency is not tax free in germany.Only if you hold longer then 1 year you don´t need to pay taxes.Bountys and mining are not belong to that group of  taxes but you still must pay  it.

[Ferki]

Not. Crypto traders do not pay taxes. The government cannot supervise and provide regulations to pay taxes in conducting trade. Because Crypto is decentralized, so in conducting trade and transactions, no one can monitor it, including the government, the world of crypto is a free digital world, so it doesn't need tax.

So wrong.What you think how governments get their money?From taxes of course.And  government  like Germany´s  not leave out this way to collect even more taxes.believe me,if cryptocurrency market grow even more then 1 billion$
it will not stay like it is now in germany.Now you can hold for 1 year and you don´t need to pay taxes,but later you will pay taxes for every panny you won.Just like they made it 20 years ago with stox trading,first it was 1 year holding tax free,now you need to hold for 12 years.

[Asmus003]

Sounds crazy! Why I have to pay for every deal? I think that there`s only 1 way - pay tax when trader out money into cash.

[Ferki]

It's impossible for Crypto or crypto trading to pay taxes. Because the Crypto world is a decentralized world that uses the Blockchain system. So that with this system it cannot be arbitrary for the government to tax us. Basically, Crypto cannot be infiltrated by the government and the Bank and they cannot supervise our activities in it.

They can if they want to.More then 2% of Bitcoin was confiscated from the governments.Don´t feel so safe in this crypto world.
Btw,Binance is not decentralized and most exchanges are also centralized

[bubblebubble]

Until you keep crypto no tax is due to owners.
When you withdraw in fiat you have to pay taxes.
This is the case of Italy.

[mightwalker]

In my country, there are no exact rules for cryptocurrencies, so at this time, traders pay no fee or tax for cryptocurrencies.

[maro101]

Based on how the rule of cryptocurrency and bitcoin law at each country, many country still not allowed for using bitcoin and cryptocurrency as payment and no needed for paying taxes for government.