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RE: Bitcoin price drops - all cryptocurrencies drop - prepare for upcoming bear market

in #bitcoin7 years ago

A government cannot tax and regulate a foreign exchange, a few countries will regulate exchanges in their countries, maybe. But then the exchanges will just change their address to a nation that doesn't, problem solved

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If you decide to sell some bitcoin through an exchange, that money will end up in your bankaccount. This transaction can surely be taxed if government passes a law that obligates the exchange to tax the transaction. Or if governments taxes the income (selling of bitcoin) coming from exchanges directly through your bank account. Perhaps a solution could be to de-centralize exchanges so that no nation's law is applicable.