It also highlights how VAT can be applied to cryptocurrency miners to newly minted coins.
But wait, VAT is value added tax. Newly mined coins don't add value, because they dilute the supply.
The central bank doesn't pay VAT on newly printed fiat money.
duh... maybe you aren't entitled to 50% of my income just because I live within some arbitrary borders some people fought to the death over a really long time ago when land and the ability to defend it was the only real form of wealth??
The tax is something I think governments around the world are confused how to charge on cryptocurrencies, while on the other hand many people who are into crypto do not like much going with the taxation things smh.
This would take few years to get everything up and set, till then govs will heavily try to impose and seize as much as they can to have their domination over the source of exchange of goods and services i.e. money.
The new monetary system with Bitcoin is inevitable.