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Domestic cryptocurrency trading is really going to be taxed at 20%? I laugh in respect first! Two angles to dissect this 'fake news'
Recently, some media have hinted that cryptocurrency trading might be subject to a 20% individual income tax.
My first reaction: absurd! Regulators say every day that cryptocurrency trading violates public order and morals, would they really scold you for being immoral while simultaneously reaching out to take your money? This logic simply does not hold water.
Angle one: absolutely impossible, no one does self-contradictory things
If they really want to collect taxes, it would mean the government is indirectly admitting that cryptocurrency trading is legal. Wouldn't that be slapping themselves in the face after saying it 'violates public order and morals'? Policies seek stability, not mental schizophrenia.
Angle two: if it turns out to be true, it could actually be a huge benefit
If they really do collect a 20% tax, it would mean they are implicitly recognizing cryptocurrency trading as compliant! Exchanges operating transparently, banking channels fully opened, institutional funds flooding in... the picture is too beautiful, I dare not imagine.
If it comes to that, I would be happy to pay 20%—after all, the opportunities far outweigh the costs!
However, back to reality, this news is very likely a 'black article' aimed at grabbing attention. Don't be led by the rhythm, and don't panic; just hold onto your physical assets sincerely. Really going to tax? It’s not too late to believe it when the documents come down.
What do you think?
A. Tax = benefit, I am willing to pay
B. Fake news, don’t believe it
C. Watching the show, we'll talk about it if it goes up
Waiting for your insights in the comments section 👇💥
