Crypto are supposed to be non-regulated and non-centralized. Why would you pay taxes for something that is not controlled by governments?
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Crypto are supposed to be non-regulated and non-centralized. Why would you pay taxes for something that is not controlled by governments?
@thatanimesnob. Your statment seems to be right in a way. But if crypytos have come to stay. In some way it has to be regulated. That where accountability comes in. You have to answer to the taxman. No one likes the taxman talk less of paying taxes. I was reading someone else's comment on here that you could be tracked by the exchanges you use. That's very true. That's why reputable exchanges verify you before using their exchanges to save their own backs. Your details can also be handed over to the taxman.