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Cryptocurrency and Taxation
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[QUOTE="btaliat, post: 79717, member: 26390"] I do tell peoole that the only reason why governments of various countries have not adopted cryptocurrencies is because of the inability of the government to tax the users. Government don't support what won't benefit them. But let assume government starts racing people as your post implies, then there may be increment in the price of bitcoin the more because bitcoins will have to be legalized before it is taxed and if it is legalized, there will be many people involving in it. This means the price will increase because government will want to be making money from it. So it will pay the investors so far government introduces progressive tax system. [/QUOTE]
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