RE: FRENCH FINANCE MINISTER TO DRAFT REGULATIONS ON CRYPTO

You are viewing a single comment's thread from:

FRENCH FINANCE MINISTER TO DRAFT REGULATIONS ON CRYPTO

in cryptocurrency •  7 years ago 

I would much rather see it regulated then outright banned. You pay taxes on everything else this should be no different

cryptocurrency
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago (edited)

    Taxes and regulations are two completely different matters. You're also proposing a new tax on what exactly? Crypto still requires you to pay all current taxes. Different countries treat it differently, so which ones you pay differs from country to country. In the UK Crypto is treated like foreign currency, putting it inline with all existing legislation on corporation/income/capital gains taxes.

    Additionally, taxes are damaging to the economy, so the more taxes, the more damage you inflict. Taxes are a way for government to raise money to pay for itself, not there to arbitrarily punish people for making money just because "they should pay more tax"

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.17
    • Past Payouts $0.17
    • - Author $0.13
    • - Curators $0.04
    1 vote