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If there were zero taxes globally on crypto - would it be fair to say mass adoption would happen overnight ?

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by COINS NEWS 60 Views

So as we all know with crypto currencies most of us are interested in being the owner and custodian of our own money, currently one of the biggest issues with crypto is the taxes that are due when cashing out, be that via a KYC’d exchange or potentially when paying for something using crypto. If there was to be a global standard of let’s say 1% levied against every crypto transaction regardless of size, regardless of what said crypto was bought for (and subsequently sold for) how would that change the playing field compared to how it is now, specifically for YOU personally if this scenario were to happen how would your approach to using crypto in daily life change?

To make the question more interesting, how about we discuss 1% tax, 5% tax and 15% tax scenarios.

For me at 1-5% tax I’d be happy to be paid in crypto and to pay out for everything in it.

submitted by /u/R0Y-BATTY
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