ledger_chad
In my country, a bill was passed in the first reading according to which cryptocurrency will be used as a means of payment. True, indeed, while I cannot say how taxes will be paid. The bill states that the amount of…
Cryptocurrency has never been legalized in India. After the recent decision of the Supreme Court of India in this country, the cryptocurrency was and remains absolutely unregulated, and even less legalized. There is a…
- BTC Address ListNov 19, 2024
That's a common misunderstanding. A Bitcoin address is not like a street or email address. It is more like invoice number. It is not intended to be used as an ID. Bitcoin addresses are intended to be used only once.…
- Missing transaction issueSep 16, 2024
Your wallet automatically scans the blockchain for all transactions related to an address in the wallet. Your description of the problem is vague, and it is difficult to determine if there is a problem with the wallet…
I don't think that determining the type of the transaction by looking at its contents is feasible, mostly because of P2TR. Requiring a process for allocating bins makes the solution extremely difficult, not just because…
- Global rules for cryptocurrenciesFeb 21, 2024
After some time, the international regulation of cryptocurrency will still be. An example is the recent FATF rules. Yes, this body issues recommendations for more than two hundred states, however, if states do not…
I see two requirements: 1. An unambiguous system for classifying transactions that matches your intent.2. A decentralized and verifiable method for allocating the partitions.
Although it is believed that the cryptocurrency is well protected and safe to use, and for this indicator it is much better than paper money, we see that this statement is very exaggerated. This we only hear about…
- Is Bitcoin considered personal property?Oct 10, 2022
Of course, the answer should depend on the legislation in the place of residence. In my country, only property acquired by spouses in a joint marriage is considered their common property and is subject to division. The…
- Libra: The Racist BroCoinDec 23, 2021
Zuckerberg is just having a streak of bad luck with the release of his Libra stablecoin. He initially advertised his coin very loudly and attracted close attention from US regulators. They saw it as a threat to their…
- Playing around with Bitcoin halving mathNov 29, 2021
It is likely that the values were not exact because your calculator does not have sufficient precision to represent the values exactly.
- Playing around with Bitcoin halving mathNov 29, 2021
The sum to infinity is correct (though the Bitcoin Core code actually limits it to 64 epochs for practical reasons). However, the amount of each subsidy is truncated because it is an integer, and the amount goes to 0…
The seriousness and bindingness of the decisions taken by the FATF can be judged even by the FATF decision of June 21, 2019 that all transactions over one thousand euros must be identified in order to prevent money…
- Best countries for crypto trading with no taxesJul 19, 2021
I'm not a tax expert, but my understanding is that if the other country has an agreement with the U.S., then you can deduct the taxes paid to the other country from the U.S. taxes you owe. For example:…
- Best countries for crypto trading with no taxesJul 18, 2021
FYI, if you are a resident or citizen of U.S.A, then you are required to pay taxes on capital gains, regardless of where you spend or sell your bitcoins.
- Understanding Bitcoin as Legal TenderJul 16, 2021
I believe that it is a little wrong to say that in El Salvador, for the first time, bitcoin was recognized by the state as legal tender. Cryptocurrency becomes legal tender on the territory of a particular state when a…
Interestingly, all cryptocurrencies held by citizens are subject to declaration, and this array will be taxed in the future. However, we have quite a few tokens in our wallets that have no value and are not traded…
That is why I am wondering how this very risky experiment in El Salvador will end. Bitcoin is not intended to become the national currency of any state. There is a risk here for bitcoin itself. And not only because if…
- my account with coinbase is lockedMay 9, 2019
In my opinion, if you have been around that long, you should have no need for Coinbase. I was banned from Coinbase many years ago and I didn't (and still don't) care..
- Russia Pauses Efforts to Criminalize BitcoinJun 5, 2018
Well, its already good that Russia has so far decided to exclude provisions on the establishment of criminal and administrative liability for the use of cryptocurrency from the draft law under consideration. However,…