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More and more people are receiving calls about taxing profits from US and Hong Kong stocks, which is being widely promoted and implemented.
Crypto has no problem in the short term, but it is very dangerous in the long term.
Many people say that China has not announced the legalization of crypto, so there will be no taxation. This logic is incorrect. Even for illegal income, the government may still impose taxes, such as on gambling or smuggling profits.
So even if there is no relaxation of Crypto regulations domestically, it is still possible to impose taxes on overseas transactions and profits from trading cryptocurrencies. It all depends on the law enforcement costs and cost-effectiveness.