News for hackers. Stuff that matters.

A comment on Netherlands must ban cryptocurrencies immediately: CPB head. Parent comment

Re:Netherlands must ban cryptocurrencies immediately: CPB head by chadash on Friday June 11, 2021 @09:12AM (#27472848)
> How is this different from money or the financial markets?

A big difference is that the sovereign requires you to pay taxes in a given currency at the threat of punishment. So long as everyone needs to pay the taxman, the currency that the tax man accepts is gonna have at least some value.

[ Parent | on HN ]
Re:Netherlands must ban cryptocurrencies immediately: CPB head by mech422 on Friday June 11, 2021 @09:53AM (#27473340)
Only to the tax man...

There have been and still are(?) economies where the local currency was only used for 'official' business, and most trade was carried out in another, more stable currency.

[ Parent | on HN ]
Re:Netherlands must ban cryptocurrencies immediately: CPB head by felipeko on Friday June 11, 2021 @10:10AM (#27473566)
They can make this difference disappear by accepting bitcoin then.
[ Parent | on HN ]
Re:Netherlands must ban cryptocurrencies immediately: CPB head by bpt3 on Friday June 11, 2021 @11:54AM (#27474952)
Taxes will still be calculated in the local currency, not in BTC.
[ Parent | on HN ]