Many people end up asking me whether people doing cryptocurrencies should be taxed like any other investor would be taxed, the reasons why are simple, both are investors yet why are some investors not taxed while others have to be? These sorts of questions are pondered by many people across the world, today we will be looking at different points of view when it comes to cryptocurrency investors being taxed or not across the world and which arguments are the best.
Cryptocurrency Investors are like any other investor, therefore they should be charged like any other investor
This is a common argument that I hear on the internet a lot, because Cryptocurrency investors are like any investor, they should behave and be charged like one, this is such a common argument because Cryptocurrency investors are often hounded on online social media platforms like Reddit, Instagram and the such for being too public with their earnings without disclosing the amount of money they need to pay in taxes. Because of this, people tend to get fed up with those disclosing their earnings and have decided to take action by hounding cryptocurrency investors.
Cryptocurrency investors are investing in special types of investment vehicles, therefore should not be restricted to taxation
Cryptocurrency investors themselves often tell me of how they don’t want to pay taxes because they don’t like to think they are regular investors, after all Bitcoin isn’t even regulated by any state authority so why should they be treated as if they are?
In conclusion, cryptocurrency investors are right in some ways, wrong in others, for this reason cryptocurrencies should be looked into more often. Read our Bibox review to understand what sorts of things to expect when purchasing cryptocurrencies.