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The Government Dilemma: How To Tax Something One Pretends Does

  • Published on: Apr 17, 2018 - 1:30 AM
  • Source: Bitcoin.com

The Government Dilemma: How To Tax Something One Pretends DoesCryptocurrencies are often criticized for failing to replicate some of the basic functions of fiat money. Governments are always ready to warn you that you can’t spend, or save, or trade, or make digital coins. This state of mind, however, is slowly but surely changing, as more benefits become apparent. Paying, saving, investing – bitcoin can serve all these purposes, and sometimes that happens with approval from authorities.   Also read: These Countries Won’t Tax Your Bitcoins Too Much Failing to Be Fiat, Proving to be Money Policy makers and central bankers often claim that cryptos ar …

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