MultiversX Tracker is Live!

Why do a lot of governments tax Cryptocurrencies in the same way as Shares?

All Cryptocurrencies

by COINS NEWS 157 Views

I'm not sure if this has been asked before. Cryptocurrencies are generally unregulated and have a lack of regulatory protections; they are generally considered a very risky asset class. For example, there is no legal protection for losses of funds from cryptocurrency exchanges if they get hacked or go out of business. So why do a lot of governments tax them in the same way as shares for example, which are much more heavily protected and generally lower risk?

It just seems a bit unfair.

(I'm from the UK)

submitted by /u/krievins
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments