RE: Higher Taxes Could Mean Higher Bitcoin Lending Rates
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Come to Singapore where there's no capital gains tax 😀 But in all seriousness, the treatment of capital gains needs to be worked out for crypto properly.
In the US, I believe crypto gains are taxed even if you don't convert it back to fiat. What a mess.
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Lol I'll have to do my research on whats the best places to move to if BTC keeps running the way it does. I heard Portugal is tax-free on crypto, I fully agree with cap gains when you convert to fiat, their money, their rules, but tax when im still in crypto nah I can't agree with that.
That's like buying duty-free stuff and keeping it on the boat and still paying tax on it, the internet is international waters in my view. I know the US and UK are running with that tax method and South Africa want to do the same