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RE: Will Crypto Ever Be Fully Taxable? Is Any Money Fully Taxable? And, Of Course, Should It Be?

in #crypto7 years ago

In my opinion Cryptocurrency should not be taxed because, for example one individual launched a coin into Cryptocurrency market and so many people shown interest and bought those tokens and they get lot of profits in future, when they wanted to payout after sale of token into fiat then question is raised for tax, in my opinion everything was decentralised and the flow of market is done by people, so taxation on Cryptocurrency don't make an sense, but here we have to understand two things, the bank system includes the taxation, and to convert Crypto into fiat we need our bank so in this case question of taxation can be included, secondly taxation of Cryptocurrency can be excluded once Cryptocurrency currency becomes medium of exchange, so in my opinion we need to wait and hope that Cryptocurrency should become medium of exchange in future. Thanks for sharing and wishing you an great day. Stay blessed. 🙂