China proposes to introduce taxation of cryptocurrencies
The official Chinese gazette on taxes China Tax News ordered the government of China to introduce taxes on cryptocurrencies, despite the effective general rating.
However, in the words of the Chinese journalist Kolin Vu, who was the first to publish this news, if this scenario is being realized, it will lead to
I added that for the taxation of the rate, it is not necessary to clarify the situation in relation to the fact that the related industries are taxed.
"In addition, in judicial matters such as fines and forfeiture, reorganization, mergers and acquisitions, bankruptcy liquidation, etc., the treatment of virtual currencies should be clarified to avoid losing national taxes," commented China Tax News.
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