This is why by default Cryptocurrency isn't taxable
Part 3: ''Why by default Cryptocurrency isn't taxable"
"It's interesting to see that many people don't fully explain why crypto by default is not taxable, and why KYC (Know Your Customer) checks are necessary, along with the implications of undergoing them. Additionally, there's curiosity surrounding why governments are ‘scared’ about the monetary flow within the crypto ‘world’. Just imagine men and women having control over their own money,, enabling them to trade without taxes and without having to pay interest on their savings?
If you wish to learn more you can connect with me at: https://business-to-private.com/
Disclaimer: If you're corresponding with tax authorities and claim to have received crypto as a man or woman, you must be able to substantiate this claim with evidence. Furthermore, you should be capable of articulating why this crypto is the property of you.
By: Djordy Ritskes
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