Nevada Bans Blockchain and Smart Contract Taxes

in news •  8 years ago  (edited)

bitcoin-1813503_1280.jpg

The Nevada legislature voted unanimously in favor of banning the taxes. They also legally recognized any record entered into a blockchain.

Read the article here

news bitcoin cryptocurrency taxes money
8 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.03
  • Past Payouts $0.03
  • - Author $0.02
  • - Curators $0.00
5 votes
2
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  8 years ago 

    Sounds good to me!

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  8 years ago 

      I'm interested to see how they define this exactly, or rather how it plays out. For example, let's say that Retailer XYZ accepts Bitcoin. If I send them Bitcoin does that mean that there is no tax on the product? What if that product is a car? It'll be really interesting to see how exactly this is going to work.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00