China’s Shanghai Tax Administration has imposed a tax obligation on profits made from buying and selling digital currency over the internet.
China’s Shanghai Tax Administration has issued a new document stating that people who buy and sell virtual currencies online must pay personal taxes. However, whether the digital currencies in question are game tokens or Whether it covers Bitcoin and cryptocurrencies No clear statements were made about it.
tax office “virtual currency” The term caused speculation throughout the market. According to experts, these new documents Axie Infinity (AXS) and The Sandbox (SAND) It definitely covers play-to-win tokens such as and therefore Chinese citizens will pay taxes on the income they earn from here.
Although Bitcoin and cryptocurrencies are banned, China often new can bring precautions. Recently, using cryptocurrency A call was made to fight against corruption by drawing attention to it.