Crypto tax in your country: what do you think?

[MrSpasybo 1049]

So far, we have always wanted crypto to be officially recognized because it will have positive effects such as:
+New projects related to blockchain & crypto are allowed to exist;
+Start-ups can raise capital more easily;
+ Crypto community will grow more.

 

However, every right comes with a responsibility. Crypto is tied to a crypto tax. Some countries like the US and South Korea have taxed crypto profits. The tax is quite high: 20-30%.

 

This creates great pressure on crypto community, even though the profits from crypto are quite large. Vietnam has not yet accepted crypto, so Vietnamese crypto community is not obligated to pay taxes on crypto profits. Many community members want this to continue as they can save millions of dollars each year.

 

What do you think about this? Do you want officially accepted crypto in your country or want to avoid crypto tax obligations?

[rekter 8129]

I have no problem paying taxes, but it's problematic when our country doesn't even have consensus on different kind of cryptos, like illiquid NFTs, Airdrops, nor there's any info about proof of stake as an income. Currently we have only guidelines but no one seems to be sure about anything yet.

 

I have a meeting with a tax expert that advices me soon, but i really doubt that he knows about recent developments and that makes me frustrated in advance.

 

Also i have like a hundred different eth addresses and have lost many private keys and passwords in the past and have no clue where most of my money has even came from.