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RE: Is Steemit an “Impractical Platform” in View of Tax Regulations? A Reddit Argument Review + 1 SBD Reward for Concise Solution to a Tax Problem.

in #cryptocurrency8 years ago

I believe that only point of any taxation should be is if and when any crypto currency/token is cashed into what is called fiat money (legal tender money/Central Bank issued money). Any country has no business taxing people for using a non legal tender (read as non Central Bank issued money) currency/token unless it is turned into fiat money (legal tender/Central Bank issued money) at some point in time.

Also these countries should be going after large tax cheats (big businesses?) rather than scaring bloggers trying to earn a little extra.

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Japan recognizes crypto as official currency.