I think it’s wise to occasionally be reminded that Hive and even Bitcoin can be “real cash”.
The tax department thinks so.
But just as a mental game, it can be quite liberating to know that there’s an emergency rent payment, or enough to pay a few bills in the background.
Crypto should have always been about personal freedom rather than pure greed.
You are right, but most government has made it a thing of taboo to earn in digital currency in crypto. Making it difficult for citizens to freely access cryptocurrency.
Yes. It’s not taboo here, but there are tax issues that come from using crypto.
Here you can't freely transact using crypto on your bank account, else you will loss access to your account.
Which country is that?
So there are no crypto exchanges there?
No crypto exchange, we trade through P2P trading with out any tracking of crypto when sending to bank. We have community of crypto exchangers that helps to carry out the transaction.
Ahh OK. Very interesting.
So how do you convert to your local currency?
What can you buy with your crypto there?
Through the local community we trade, to local currency