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Reasons Why Tax on Cryptocurrencies is not possible?
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[QUOTE="Yugocean, post: 72429, member: 25081"] Well Just in above para you said "price of the coin" ($5000) I never said people should not help government in revenue. One point is government can tax when you convert your crypto to fiat, there value etc everything is worth understanding, but till you keep it in crypto, government cannot tax it. For example - Imagine you have 1 BTC, now how will you pay tax? Do your government have BTC wallet? "Tax on Cryptocurrencies is not possible" The only way is to convert your BTC into fiat to pay tax. [/QUOTE]
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Reasons Why Tax on Cryptocurrencies is not possible?
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