Hello community, I hope you are having a great week, mine is going really EXCELLENT, overcoming trials and getting stronger in so many ways that it pleases me. And that's what it's all about, isn't it, moving forward.
Well, I want to bring up a topic that I recently discussed with a friend, and it's regarding something that I'm passionate about, and that I'm sure most of you have a huge enthusiasm and interest in, and that's cryptocurrencies. Well, I do not want to talk about what they are, what they are based on, which of course would be a great topic, but that this interest that has arisen on the part of many transcends to governments in a way that I do not know to what extent it could be entirely beneficial.
In other opportunities I have commented that in the country where I currently live there have been advances in regulatory matters of cryptocurrencies, in fact, Binance here works perfectly, and even other exchange houses, digital wallets, etc.
They all use KYC (Know Your Costumer), which is a requirement of the national government to be able to work here...well, currently we all know that we are living a great crisis (health, economic, social, etc), which has made governments have to use many subsidies to the population so that they can support or cope with this situation of confinement that we lived last year, and that seems to be starting again, it should be noted.
This has brought some tax changes, and the discussion of others that are to come - surely-, for example, the Value added tax (VAT) here in Colombia is 19%, yes, it is high, I do not know how much it is in your country, but that great value is here, of course, it does not apply to all items, but they will expand and increase and VAT to other items, also already the presidency said that they will investigate all the income of all those who have more than two minimum wages as profit ($560 approximately) to know if there are assets abroad or investments of any kind because for that they must pay annual income.
We know that the origin of cryptos arises as a counter-opposition to these policies, which leads me to think, the following:
Why should I pay taxes to the state for owning cryptocurrencies?
For example. Why do I have to share my earnings with them if I am already paying VAT among other taxes and services that I do use in the country? cryptos are global, not local, so no, I would not like the idea of having to share my earnings in cryptocurrencies with a corrupt government to whom I have not asked for anything? Radical stance, well, yes, but that is my position on the matter. I would then like to know what yours is, I would appreciate it in the comments.
Thank you very much for reading my post.
Have a great weekend.
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