There has been a lot of debate about how the government is going to be taxing lottery winnings and on the same rate they are also the base about how they are going to tax cryptocurrency winnings as well. This has not made it very easy for people to deposit money through their cryptocurrency wallet to play Lottery and also we draw it through the same way in order to avoid paying a lot of taxes. What do you think about this move?
Lottery and cryptocurrencies: for taxes
- Thread starter Angryseth
- Start date
It's an interesting question. The debate around how to tax lottery winnings versus cryptocurrency winnings is a complex one. I think the first step is to make sure that the taxation rules are clear and transparent, so that people know exactly what to expect