Josemendez
Verified member
Presently there is ongoing plans to allow citizens to pay taxation through cryptocurrency and this indeed comes with merits and the merits.
Investors seems to be seeing the good part of it as this will enable them to pay taxes easily at the comfort of their house . They fail to forget that it will also expose their wallet address to the government which can thus be used in tracking their inflow and outflow of funds in the CRYPTOSPHERE.
The blockchain has made it possible that with someone's wallet address , all his activities can easily be tracked.
If you are given an opportunity to pay tax through cryptocurrency , will you accept it gladly or will you stick to paying with Fiat currency?
Investors seems to be seeing the good part of it as this will enable them to pay taxes easily at the comfort of their house . They fail to forget that it will also expose their wallet address to the government which can thus be used in tracking their inflow and outflow of funds in the CRYPTOSPHERE.
The blockchain has made it possible that with someone's wallet address , all his activities can easily be tracked.
If you are given an opportunity to pay tax through cryptocurrency , will you accept it gladly or will you stick to paying with Fiat currency?