diamond_2020

Showing off luxury is stupid; showing off luxury bought on credit is idiotic. Poor people are only envious of luxury, and rich people are very hard to impress. And so you end up trapped: wasting mental energy and real…

If you're distributing tokens to investors and these tokens have utility status, what's the problem? The most important thing is that you haven't sold these tokens. Which country are you interested in? You need to speak…

Typically, it's done like this: A company is identified and investors are found. Next, tokens are issued. These tokens must be utility tokens, and some are distributed to investors, while others are distributed to the…

A bunch of companies like Coinbase, the Nasdaq-listed exchange, Circle, the stablecoin player, and a16z, which is the crypto investment branch of Andreessen Horowitz, are pouring more cash into getting pro-crypto…

I often find very interesting cases with exchanges. For example, 3 people send tokens to the same exchange at the same time to the beginning of trading in order to sell them at the maximum price. All transactions are…

Did you make any withdrawals? I remember that there were news about withdrawal, but either the site didn't work or withdrawals didn't work and you had to contact technical support. I did not spend a lot of effort for…

should or shouldn't is a legal question. Any exchange can quickly close down like Hotbit and nobody gets anything. I had $50 there It was a great exchange without KYC, but I didn't store any coins there, so I lost $50.…

I heard stories like this even more than a year ago that recovering stolen coins has become a good business. For a long time now there have been law firms that negotiate with hackers and the victim does not have to file…

I understand from the point of view of the legislation of my country, but these payments cannot be structuring if this share belongs to a business partner. It turns out that his business partner must declare these…

And what changed after that? Now all exchangers are closed? There are many other ways to exchange cryptocurrencies for fiat without meeting in person. In Russia, they send a courier with fiat after the transfer of…

I could name you dozens of verified money changers who privately exchange cryptocurrencies for fiat around the world. But I don't want to do advertising. I am sure that tax authorities receive data only from custodial…

The US cannot stop the introduction of cryptocurrency, otherwise they would shut down Coinbase. The US authorities want everything to be according to their rules and citizens to use only the "right" exchanges and…

According to the head of the IRS's criminal investigation division, they've noticed a big uptick in cases tied to tax evasion involving cryptocurrencies. Jim Lee mentioned that just a few years back, almost all of the…

First, Trump needs to win the election, and he is not leading the polls yet. Further practice shows that the United States can successfully influence small countries, but they cannot influence such large countries as…

Here's a heads-up from the FBI about cryptocurrency money transfer services. They’re warning folks not to use these services unless they’re officially recognized as Money Services Businesses (or MSB) under US law. This…

Thailand's tax policy is now becoming more stringent. I read some news and now it turns out that the 180 day rule does not work. If you pay taxes in your home country, you are also required to pay income tax in…

In the UAE, buy real estate for cryptocurrencies. Cryptocurrency payments are not allowed, there are no problems with the exchange and there are no taxes up to certain amounts. I do not advertise this company, but you…

Blockchains have no boundaries or jurisdictions and are not subject to laws. Before discussing any law, it must be read and understood. The worst offender is the one who prohibits the use of bitcoin. If fish is banned…

Any lawsuit with the US government is no laughing matter. Because if the exchange loses the court and doesn't pay the fines, it will be in trouble in other jurisdictions. 5 billion in funds received from unverified…

I hear "money laundering and terrorist financing" in every indictment. The founders of KuCoin do not have 4 billion and they are not stupid enough to go to the USA. So far lawyers are working with the case and there is…