What does law say about whether we must pay taxes for cryptocurrencies? Technically, Bitcoin for example, is not a tangible, physical, local, object, thing, like a bar of gold would be which can be moved around and possessed in a literal and physical kind of way. Bitcoin is like shares in stock markets and we can only gain access to Bitcoin through passwords, passphrases, transactions, and I would not want a password or lock to be taxed just because it is connected to Bitcoin, and especially if Bitcoin is not recognized as real or legal money by a government for example . Because Bitcoin is on a decentralized blockchain which is neither here or there or anywhere or everywhere and if they can tax our connection to that then what would stop them from taxing us from other connections to anything and everything that may or may not be valued be it websites or videos or photos or email or bittorrent or other cryptocurrencies or information or Facebook or anything or whatever they feel like connecting it to? As Government grows, regulations tend to grow parallel to that.
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