How to Deal With Cryptocurrency Taxation, Summary of the Year That Just Finished

[Vladar49]

Taxes have always been a hard matter for everyone to deal with. Many countries are devising different rules, trying to manage the fintech field. Traders from all parts of the world are facing the necessity to pay taxes from their crypto activity.

With the growing number of crypto users, authorities around the world have found it necessary to tax the profits from this new area. For instance, the United Kingdom introduced a crypto tax advice paper, stating that each investor must pay capital gains tax for selling digital currency such as Bitcoin.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/how-to-deal-with-c ... -taxation/

[marymaru]

It would be a good decision to tax cryptos lower than fiat after its legal implementaiton for a couple of years or something. IMO it would encourage more people in crypto