focusedwriter10 Posted December 4, 2018 Share Posted December 4, 2018 Do you think cryptocurrencies should be taxed? I will appreciate YES or NO, with a supporting explanation. Quote Link to comment https://slingbank.com/forums/topic/1821-crytocurrency-taxation/ Share on other sites More sharing options...
janie1984 Posted December 5, 2018 Share Posted December 5, 2018 Yes, cryptocurrencies are more of an investment than an actual currency as of right now. When an individual or corporation is making money, they have to pay income or business taxes. Governments also need to tax cryptocurrencies because of the pressure mining operations puts on utilities, people cannot just generate money without having to pay what they owe the government. It's a contribution to society and not something that should be avoided by anyone in the first place. Quote Link to comment https://slingbank.com/forums/topic/1821-crytocurrency-taxation/#findComment-3156 Share on other sites More sharing options...
JPK0007 Posted December 5, 2018 Share Posted December 5, 2018 Yes i think that Cryptocurrencies should be taxed and i think they are taxed by most of the countries around the World. Basically anything that you own is considered to be an asset , therefore are all sort of cryptocurrencies like Bitcoin are the assets that you own. The profit that you make by sale of Bitcoins is also taxable.When you are holding a cryptocurrency then the short term gains and long term gains are also considered for taxation. Quote Link to comment https://slingbank.com/forums/topic/1821-crytocurrency-taxation/#findComment-3171 Share on other sites More sharing options...
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