My country India doesnt consider crypto valid currency. So there is no taxation on it.
But we can expect india to impose taxation future , because banning of crypto is impossible. The only way yo create income for a nation from crypto is taxation.
RE: Japan Will Tax Crypto Investors Up To 55%
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Japan Will Tax Crypto Investors Up To 55%
Yes, governments would like to get their hands on crypto wealth.
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The other thing gov. can do is to launch the national cryptocurrency, and make it legalize and make whole new structure of taxation on it.
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Yes, they are already trying to do this, but it goes against the whole idea of decentralization.
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Yes thats true, it will be against the idea of decentralization. Then gov. will manipulate the crypto, the same way they have been manipulating the fiat and stocks.
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