It has been nearly four months since the government launched its first tax crackdown on Bitcoin.
The latest news comes from a report in Bloomberg that details the amount of Bitcoin tax collected by governments around the world.
It has since been revealed that some of the largest tax collectors have started using Bitcoin as a method of paying their taxes.
According to the report, there were over $1.8 billion in Bitcoin-related tax deductions paid by countries in the last year.
The report states that Bitcoin users in the US alone earned $13.4 billion in tax deductions in 2016.
The top 5 countries with the highest Bitcoin tax deductions are Luxembourg, Hong Kong, France, Canada, and the UK.
The countries with least Bitcoin tax revenue were the United States, Russia, and China.
The average tax deductions per capita is $3,300.
In the UK, the average tax rate for all people is $7,500.
While the amount paid in taxes in the United Kingdom was about $12 billion, it is estimated that around $3 billion in taxes were paid in Bitcoin.
In some countries, including Australia, France and New Zealand, Bitcoin taxes have been reduced from $500 to $30.
The amount of tax paid in bitcoins is unknown as the value of Bitcoin has risen over the last few years.
However, some countries are beginning to take action to curb Bitcoin tax.
The UK announced that they will no longer accept Bitcoin payments in April of this year.
Bitcoin taxes are expected to decrease as Bitcoin becomes more popular.
This is good news for Bitcoin users as Bitcoin taxes increase.
However it is still possible that governments will attempt to curb the use of Bitcoin as they do not have the money to pay for the tax that is levied.
In 2017, a bill was introduced in the UK to increase the tax rate on Bitcoin transactions.
This was a first for the UK in the world as Bitcoin is not considered a currency.
It is also expected that the UK will soon enact legislation similar to that of Australia in 2017.
If Bitcoin tax is to be reduced or eliminated, Bitcoin users will need to do more than just keep their wallets secure.
Governments should also consider the Bitcoin ecosystem in a holistic way.
As Bitcoin gains popularity and governments begin to tax it, it will be important for governments to focus on the many different benefits that Bitcoin offers.
Bitcoin has the potential to become a major economic force in the near future.
