Tax on Crypto, is an attack on Crypto. In most countries in the future you will not have to think about taxation when using their Central Bank Digital Currencies, however you will when using Cryptocurrencies. This is deliberate and unfair.. we need ask bigger questions of our Governments.

Most governments have reclassified Cryptocurrencies as Crypto Assets, this opens them up to being Taxation in a way FIAT currencies are not.

Taxes are generally relatively low just now for the majority... so there's no real pushback and they're conditioning populations to accept.

There's no guarantees taxes will remain so in the future.

Governments have historically used taxation as a tool to quash what they don't like.

Central Bank Digital Currencies will have an unfair advantage over Cryptocurrencies because of this, rendering one of their most useful functions less superior.

Tax on Crypto is a deliberate attack on Crypto on Crypto.. disapproval needs to be louder and clearer on this before and while governments start rolling out their own CBDCs.

Submitted July 25, 2021 at 03:42PM by jam-hay https://ift.tt/36Ywa7V