The government discussed the taxation of bitcoin.

in #bitcoin7 years ago

The government has begun its taxation work in earnest along with regulations on virtual money.
However, tax information is not easy to obtain, and it is a contradiction that it is contradiction to pay tax without recognizing virtual money as assets.
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If you see virtual currency such as bit coin as a general commodity rather than a financial asset such as stocks or bonds, you are subject to double taxation.

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Do we only pay taxes if we convert our profits back to USDs? Hmmm... I need to look that up. Thank you for this info.