Crypto News : Former US Presidential Candidate Ron Paul Says Cryptocurrencies Should Be Exempt From Taxes

Hi Steemians,

Ron Paul, an American author, physician, and former US Republican congressman, recently wrote in a blog post that people should not be required to pay taxes on their crypto asset holdings.

In his blog, Paul criticized the US Federal Reserve’s decision to increase interest rates, while adding that those expressing concerns about the high volatility of digital assets should understand that fiat money can also potentially be “anything but stable.”

Paul further argued:

Central banks constantly increase and decrease the money supply in an attempt to control the economy by controlling the interest rates … [which causes] individuals to misread market conditions, leading to a misallocation of resources … [and it also gives the] illusion of prosperity.

Ron Paul

Ref : https://www.cryptoglobe.com/latest/2018/10/former-us-presidential-candidate-ron-paul-says-cryptocurrencies-should-be-exempt-from-taxes/

Cheers