Bitcoin : Bitcoin and taxing in Colombia
Hello everyone. I live in Colombia and want to set up my business so people can pay with bitcoin.
I’ve found that Colombia doesn’t recognize bitcoin as a currency,its basically alegal, they don’t have a law for it. How would this work with taxation, will there be no taxation? Can I just cash out my bitcoin to my bank account using coinbase or gdax?
I’d love to hear some experiences from people in unregulated countries, how do you deal with taxation and receiving payments, what systems do you use etc. Any help is welcome and well appreciated!
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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