Germany and France say that they are worried because of the volatility of Bitcoin and want global regulation at the G20 meeting in march.
For sure the regulation has to be global to be effective. If not some countries would become Hong Kong and the rest the Soviet Union, as all the business would go to the country which is the most free nation in this regard. So everybody has to have the same opportunities (in this case no opportunity). If everybody is Soviet Union, there is no way to avoid it and to prosper.
Also they want to equalize taxes in the European Union. Surely they will not agree to lower taxes in the high tax countries, but to raise taxes in the remaining low tax countries, so that there is no competition anymore. In the end high (70%+ taxes will have to be established globally, not only in G20 countries).
Nice.... this move is nothing new though. In the last 100 years taxes have risen from 4% income tax and no social security costs to 70%+ taxes in the last few years. If there are countries left where taxes are considerably lower this would make such a tax rate impossible, as producers would be incentivized to leave high tax countries and move to freer low tax countries.
Curious that the slaves 300 years ago who were paying 10% to their masters were considered as such, but people today paying 70%+ are considered to be free....
This is really educating, i am of opinion that all all countries, especially, developing countries should do something about their tax rate to make life easier.
Every country can be a Monaco or Hong Kong... just copy their policies...
Exactly, Weldon for the great job.
Exactly, especially developing countries.
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Governments are now become legalized robbers by increasing high taxes on public.
I think they would argue that these taxes are the absolute minimum. ;)
Thank you for sharing this informative post @mexbit
Thank you for sharing
resteemed and upvoted
Thank you for resteeming!
I am anticipating the G20 summit.
To start with, we went into a high-charge European Union for Turkey on the off chance that it would ideally this expense will fall.
Another issue is that at the G20 summit, crypto cash will be talked, and if positive choices are taken, bitcoin and other crypto cash will rise once more
I cannot understand this: "To start with, we went into a high-charge European Union for Turkey on the off chance that it would ideally this expense will fall."
What do you mean?
This is complete bullshit... I can't see taxes in any other way but only as theft from everyone's pockets in the middle of the day. Obviously they just want to milk everyone as much as possible so these regulations are being made.
The regulations also give privileges to big companies! Lobbyists have a really great ROI...
Yes governments will always want your hard earned money and will do whatever they can. Even if we have a system that can prevent this, they will scare most people to give into there demands.
I think the current system is unable to prevent this. Everyone wants to spend! Especially money from other people! ;)
Lol true!
Thanks for the update and G 20 new news.
This is very impotent information and useful.
Great writing experience .
Thanks @mexbit
Have a great day
Resteem
Thanks for resteeming!
@mexbit, Actually you said very serious discussion about term regulations of some countries. This time France and Germany try to introduce global regulations in G20 meeting coz of the volatility of Bitcoin. This is not new step. What they hope after decision? However very informative post.
Resteemed your post.
You can stop the volatility only by fixing the price or prohibit it directly. Stable ZERO. Thanks for resteeming!
Global regulations is necessary to maintain stability.
very nice article
upvoted & resteemed!
Thanks for resteeming!
Thank you sir for sharing
You always upload nice and helpful post. and your website also so much helpful sir...
Which website? Are you a bot? :)
Thanks for the update of G20 GLOBAL REGULATION meeting info.
((((((Resteem Service ))))))
Thanks for resteeming!
Excellent post.
For your post propagation.
Upvote/Resteem
Thanks for resteeming!
This is great article and great topic. useful. thanks for sharing.
Resteem
@mexbit
Thanks for resteeming!
This is going to need a whole new type of law enforcement to TRY catch people. The problem isn't getting countries to signs up to these new rules, the problem is enforcement and punishment of offenders.
Look at the countries where blockchain is growing fastest. They are countries with poor governments and tiny resources. No chance of stopping it there.
Banning blockchain is like banning gun powder and hoping it goes away
Decentralized exchanges can't come soon enough
Based on actions taken by Korea, China and announcements by the SEC in the United states, it seems like the world is moving toward regulation and taxation of cryptocurrency.
Great news . I really enjoyed reading your post. Your post really amaze me.
Thanks for your post @mexbit
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Thank you for sharing this informative blog.
Upvote and resteem.
Wow...what a concept..that was awesome.
First to last...i have read your post...
sir i am new in steemit
Its a great post dear @mexbit
Upvote & resteem buddy.
Great information sir.
Thanks @mexbit for sharing this post.😊 💙
Upvoted + Resteemed your post.
many thanks for the info @mexbit
thanks for info @mexbit
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resteemed and upvoted..
Good news or bad news :) Thanks for the information!
I am looking forward to the G20 summit.
First, we entered into a very high-tax European Union for Turkey if it would hopefully this tax will fall.
Another issue is that at the G20 summit, crypto money will be spoken, and if positive decisions are taken, bitcoin and other crypto money will rise again...
I have seen this text already earlier... please do not copy and paste other peoples comments...
They are just gona be talking about it, they can't do nothing. This one is above them
It is a bit stupid to try and regulate all the time. Atleast NASDAQ is coming with ETFs with a few blockchain based assets in them. The taxes in these European countries are a bit too much. Way too high.
Thanks for giving more important information about Germany and France want Global regulations. Various change around world for cryptocurrency.
Upvote/Resteem.
@mexbit - Sir actually i don't have a good knowledge about regulations... Therefore, this article helps me to get an idea about it... Thank you Sir...
+W+ [UpVoted & ReSteemed]
they could only thing upon but they can't do anything
impressive update & valuable information to all of us. probably g20 will put regulations on crypto. excellent post @mexbit
@resteemia
reteemed & upvoted & commented & followed
so this will be the biggest agenda this time around interesting update resteemed right away
they just kept on increasing tax finally time will change resteemed
they will not lower the taxes if they do what they will eat just think upon it hahah
regulation should be global and in case of bitcoins it should be otherwise not at all ...resteemed
Nice post i was not at all aware about this g20 summit thanks for sharing dear resteemed
Nothing new thought that's very true political game of gimmick resteemed
world will always get worried about the volatility they just want tax collections
they will keep on increasing as they don't wanna leave any stone unturned resteemed to spread further
great last paragraph there hahh very true that is
resteem
It is a way to take money from people's pocket.lol 10% then and now in many ways more than 10% ,lets say yet we are free ;)
Thanks for the important posting 👍