Two Thirds Of People Want Taxes On Cryptocurrencies

We are living in times when the cryptocurrency industry is blossoming but along with that, the attitudes towards tax are maturing. As we can see from latest reports, even two thirds of users support taxation of crypto assets and would be in favor of this if a decision comes.

The latest cryptocurrencies news present us a survey conducted by the South Korean wallet provider Childly, which found that 66% of the respondents are in favor of crypto assets being taxed. The poll had more than 5,750 crypto users worldwide who revealed that only one in five crypto users are against digital asset taxation.

The Bitcoin news also show that 48% of the respondents strongly agreed that cryptocurrencies should be taxed, describing these taxes as “a must.” Opposite to that, even 18% of the participants expressed support for crypto taxes only if they were “set at an acceptable level.”

Moreover, the survey shows that two thirds of people want crypto taxes – but also that 20% of the polled crypto users disagree with taxing crypto assets right now. Even 9% of the respondents asserted that it is “too early” and more time is needed to consider appropriate obligations for the sector.
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Around 11% of them expressed strong disagreement with taxation at all, and noted that “an entirely new approach” is needed with regards to digital assets.

“Although many countries have already begun its taxation on digital assets, voices of those asking for the more judicious approach to applying tax rules should be heard at all levels,” stated the CEO of Childly, Eunti Kim.

At the end of this month, the altcoin news showed a crypto accounting platform Blox and the tax software provider Sovos which published the findings from a survey which encompassed a third of known, US-based Certified Public Accountants which operate in a variety of capacities with cryptocurrency. The report highlighted that there are significant issues pertaining to crypto taxation from the perspective of tax professionals.

Anyways, the real takeaway from this survey by Childly is that two thirds of people are in for taxation of their cryptocurrency assets. In reality, this number is way lower than the respondents in the survey.