For all you neophyte investors who were bamboozled by the bitcoin hucksters, let me give you an investing 101 tip. If it has to do with money/currency and taxes the government wants to know about it. Hello? So all those reasons you were told bitcoin was a good investment, most of them are bogus. Hence bitcoin was/is a classic ponzi scheme. Crypto-currency technology is definitely the future of money. But that’s a completely different matter.
The govt is warring against all currencies except the corrupt counterfeited, inflated, fake usd .Irs says that crypto-currency is not currency. Its a commodity, property .
Coin-base said friday it will hand over the data in the next 21 days, nearly three months after a us magistrate judge quashed its efforts to keep the internal revenue service from seeing its customers' trading records. Judge jacqueline scott corley in november ordered the exchange to supply the tax agency with the names, addresses and tax identification numbers of all users in the us who conducted at least one bitcoin transaction equivalent to at least $20,000 between 2012 and 2015.
Read this Article For more Detail : :
https://www.theverge.com/2018/2/26/17055264/coinbase-cryptocurrency-tax-irs-compliance-court-order
That's why decentralized exchanges will become more and more popular in the future!
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Taxation is theft. These IRS criminals can fuck off and get a real job. Can't wait for more decentralized exchanges.
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IN an article I read that this digital currency can't be trace?
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why u think like that?
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Bitcoin addresses can be viewed to see where the transfers came from.
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means its not safe currency ?
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Yeah, I’m interested to see how government regulation plays on the crypto world in the near future...I sure hope it does not stifle it’s growth!!!
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Really???????
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Yes!
Good to share it
Thanks
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Welcome bro thanks.
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The fight won't ever stop. I live outside the US and that's great (for now) I read the article I was extremely concerned. I think Coinbase will be overthrown by decentralized exchanges that are rampantly popping up everywhere in the ICO realm. Nice share bro
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I think Coinbase handled this quite well and though it's bad news, it's good news as well since they notified prior to sending it over (neutral maybe?).
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