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RE: Who Says Bitcoin And Crypto Is Not Real Money?

in LeoFinance2 years ago

I reckon the best evidence that crypto is real money/has value is that countries are taxing you on it. How do you tax something that has no value ;)

Governments like to openly reject crypto as an asset to appease the screaming masses, and then try to make money on the sly....

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You are very correct on this, I don't know how it skipped my mind when I was making my post.

Because you can not say something is not real money and want to regulate and put tax on it.

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Why can't they accept taxes in crypto? They're taxing it, why force us to convert it over? It does not occupy a special place between securities and currencies, it's a currency.

Historically, governments accepted currencies from all over for taxation and used other countries' currencies as part of their currency pools.