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Is bitcoin being taxed in your country?


wilbur

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Posted
On 2/27/2019 at 10:25 AM, KiXxnTRiXx said:

crypto should never ever be involved with banks.. 

But yet some banks allow users to send crypto to other wallets by exchanging their currency and hence they can tax it easily. 

Posted

Yes, my government as far as I know taxes bitcoin, but only profits that you made from it.

 

by the way, they look at how much value the bitcoin had on January 1, 2018 if you have to pay tax for 2019.

Posted

I know a lot of people who also mine at these sites, and most of them are just complaining about the regret they've invested, because income and profit were very low compared to other investments they could have made, mining in the cloud was good for who started in the beginning, I do not have much experience, I can not give you a good answer. Good luck: D.

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