I don’t believe that cryptocurrency is there to rob the poor. As I said previously, people who are too poor don’t pay taxes, and they don’t need cryptocurrency. I haven’t paid taxes for a decade, I think. My income is just too small.
In fact, in several countries, including the USA and the UK, the government pays us because our income is too small.They’re called tax credits if I remember correctly.
I did google Nano currency.
https://en.wikipedia.org/wiki/Nano_(cryptocurrency)
https://www.kraken.com/en-us/learn/what-is-nano
You really don’t get it. I don’t pay taxes because I”m too poor. Salaries in South Africa for the working poor range from about $110 per month to about $250 per month. Onlyabout 6% of South Africans pay taxes.
We don’t pay taxes on currency because what money we have is spent on basics like food and rent. The banks charge us $0.30 per month to have a bank account. Many of our financial transactions are done on the phone. We use M-Pesa which bypasses banks completely.
