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Quote by Mukesh Borar

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Mukesh Borar

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“Cryptocurrency is here to stay, so we hear on cryptosphere everyday. But there are some fundamental situations that needs to take place for this speculated ‘store of value’ to really have its foot to stand on, and that is, government’s ability to enforce taxation on businesses and individuals making gains with this currency. So, either we like it or not, crypto taxation needs to be enforced for government to really entertain any form of adoption. Asian countries dominates the cryptocurrency spaces but the governments are finding it a bit hard to really tax crypto transactions.”

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Author:Olawale Daniel
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“I think that this is ultimately why we want money: It's to create a world that you prefer. To create an environment, to create an experience that you enjoy more. It might be shoes - it might be charity. By giving to charity, I'm just buying the world I would prefer. Because that world gives you more joy, more happiness. And it's a more stable world for the future and for my children.”

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“As of today, the majority of Asian countries are still examining crypto technology and drafting their regulatory outlines. Better crypto tax regulations should come in the next few months or a year from now. Now, we can settle the argument on crypto taxation laws enforcement. It is very certain that it is just a matter of time for this event to unfold, collecting capital gains tax is just a time bomb waiting to explode in the cryptocurrency space, or else, the government will place outright ban on these commodities.”

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Author:Olawale Daniel
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