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RE: When Steem Becomes A Business || Studying The Legal Framework (Labor/Tax Law) That Applies For Crypto Bloggers

in #business7 years ago (edited)

really nice article, very few people discuss the legal implications involved with crypto, keep up the good work.

tax i think is good, it is paid to the governments to perform activities that we don't want to perform from our pocket like security, public infrastructure, business promotion and so on.

But still tax is an issue only till adoption of crypo increases and if it becomes widely acceptable as a medium of exchange for goods and services, then governments cannot intervene even if they want to, except in countries where governments rule by iron fist like china and many more.

they would only have options to either create a crypto bank or themselves provide a similar and decentralized fiat currency like blockchain dollar, yuan etc.

that will their only chance to get into the game.

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