Have Joe Biden's tax decision on digital assets traders been on effect??

[sincerem]

I believe most people are aware of U.S president Joe Biden putting a law on all digital assets traders for paying tax from the interest they earn trading coins. The decision was made last week but no one knows if that has taken place of not. Considering what i saw around coinmarketcap.com today, I'll say such decision haven't taken place.

Crypto coins have started improving, and going back to their base and some even passing their previous set land mark. Last week saw massive decline on the coins, even BTC fell from $62k to $48k. But is valued around $54k today. I just hope such decision haven't taken place, because it will be perplexed for the traders.

 

[Chibson]

I don't think it has taken place already. Now that the United States of America have taken this step, a lot of countries will follow suit which is also a good move for the cryptocurrency world because no country will be willing to ban it anymore instead they will tax the traders. Countries like Nigeria should have done this instead of banning it.

 

[Sotherefore]

That's a challenging one, I saw it coming. Because US government have threatened long time ago that it will charge traders of all digital assets trading system tax. So when the coins started decreasing i converted my BNB back to USDT coin so it will remain stable. Its a pity that your friend lost his 300k for such dip in price. I believe now that the coins are moving up his losses aren't much like before??

My friend that actually lost the 30000 Naira on the trading is a crypto trader and sometimes he do trade futures,he was on future trade when the effect of the high tax fee on cryptocurrency meet him, when he enter the trade he didn't know this will come,his account was immediately liquidated within 30 minutes.

 

[sincerem]

My friend that actually lost the 30000 Naira on the trading is a crypto trader and sometimes he do trade futures,he was on future trade when the effect of the high tax fee on cryptocurrency meet him, when he enter the trade he didn't know this will come,his account was immediately liquidated within 30 minutes.

Hmm, they off his account within 30 minutes cos of Joe Biden's decision that led to traders flipping their coins off due to panic and tension of losing most if their funds to tax. I saw it coming, because earlier be the decision was made, US government have threatened to put law that makes the traders to pay tax. They where waiting patiently for the right time to make it. I know he felt so perplexed losing such funds via trading futures that is full of risk. He should endure and move on, the future will be better.

 

[Sotherefore]

Hmm, they off his account within 30 minutes cos of Joe Biden's decision that led to traders flipping their coins off due to panic and tension of losing most if their funds to tax. I saw it coming, because earlier be the decision was made, US government have threatened to put law that makes the traders to pay tax. They where waiting patiently for the right time to make it. I know he felt so perplexed losing such funds via trading futures that is full of risk. He should endure and move on, the future will be better.

300 thousand naira was not something he took easy,he was depression but he actually move on at last ,he even told us that it only takes the grace of God to maintain a smile,he even advise us not to get near future trading, according to him,its the riskiest form of trading