A Bitcoin Cash (BCH) supporter recently noted that the biggest hindrance to cryptocurrency adoption is tax laws and reporting taxes on digital currency usage. After reading the commentary, Bitcoin.com CEO Roger Ver shared a four-minute video about the subject of taxes in order to spark questions in the minds of people who might not understand what taxes are and why they have hindered the crypto economy.

Also read: 5 Popular Crypto ATMs That You Can Purchase Today

This Short Animation Teaches About Taxation and Why People Believe it Is Immoral

On March 10, the Bitcoin.com Official Youtube channel aired a brief video called “George Ought to Help,” an animated short on taxes and a universal agreement called the Non-aggression Principle. Bitcoin.com’s owner Roger Ver shared the video because a lot of cryptocurrency advocates have been talking lately about how taxation is not helping the crypto economy flourish. In fact, the process is constraining the digital currency industry with old school shackles that…

Click to continue reading on its source location…

Source: https://news.bitcoin.com/this-short-animation-might-make-you-think-twice-about-taxes/