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Lexington ky obits 2015
Since 1st July, Bitcoin is considered money - no more "goods taxes" on trading. It used to be double taxed, now we can expect more exchanges to pop up in this wealth part of the globe. Since JPY is already a huge volume price pumper now we can only expect to go higher in this currency. Now this state will allow trading of stocks on the blockchain. This means all incorporated companies there will be able to release shares as tokens on blockchain.
Its supossed to get active on 1st August. Not all specifics are known yet. Due to complex nature of legislations in this news if you have anything to add please leave info in comments. Especially that those are new and posts are active up here for 7 days.
This post received a 4. For more information, click here! I didn't really understood so that means government will now be able to tax on bitcoin? This post received a 1. This post has been upvoted from the communal account, minnowsupport , by TheChosenTwo from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy The goal is to help Steemit grow by supporting Minnows and creating a social network. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members. This post received a 3. Im glad at least Delaware is jumping on board. If any state would start, you better believe it would be corporation friendly Delaware I was worried the United States was going to be stuck in the dust with the crypto industry. Wow, that sounds like good news for crypto currency holders.
Block chain will be widerly adopted for sure. I hope bitcoin and other cryptocurrency stays clear from othee taxes. Government should not put their legs into it. Btw thanks for sharing such a lovely post. Keep sharing keep smiling God bless you kingscrown. Good to know, I'm trading in Australia as well and purposely waited for EOFY to start trading crypto currencies, so this is useful to know! The government seems to be slow on catching onto the latest trend.
Anyway, I wonder how will they have the necessary tools and resources to enforce people to pay "taxes" on their bitcoins since everything is decentralized. Isn't escaping from control and centralization the main reason why people are using bitcoins and other cryptocurrency? Another thing is the ATO has made large investments in a blockchain company based in America with the aim of bringing blockchain technology to the stock market, which would reduce fees by the billions.
I think I read something about another company bringing this technology to the stock market. Nevertheless super interesting concept. But back to ATO, you can clearly see the 'double interest' there as well, right? Whatever ATO can do ensure that gains are properly taxed is in their interests as well. Just thinking out loud, say you have a portfolio of all sorts of coins, which rate would you use to declare back in AUD?
The average on an exchange? Hmmm, haven't really thought about this much yet. Anyways, thanks for your reply crypto-ta! Just wondering what you actually mean by "bringing blockchain technology to the stock market" Are u referring to the blockchain being represented on the exchange via derivatives such as ETF's much like Mark Zuckerberg and mates intended to do on the US stock exchange?
Hi speedie-s40r , sorry for the delay in response. I'm new to the platform and I'm still figuring out how I can be alerted when someone responds to my posts As to your point, I was thinking about the introduction of smart contracts in trading stocks between traders, subsequently cutting out the middle man, i. Hi transptrader, thanks for getting back and answering my question.
Should that happen the future of the block chain is looking very bright indeed. I'm new to this platform as well and tiring to learn how to navigate around it is taking a little time. Do you mean I am a "spa mm er"? You Sir are straight up naive! As you say you are there since two days and never got a payment! They dont even tell you what coin you are "mining" They claim to have paid out whopping 0. Happy 4th of July I am not going to answer another time wiedy out! Sadly if they regulate the exchanges, and most are regulated already they can then have a great deal of control over Bitcoin as they can shut accounts down, prevent spending from certain accounts, Prevent you from cashing out and basically do whatever they want.
It seems a lot of people store their Bitcoin and other cryptos on exchanges instead of using a cold storage wallet which puts them at the mercy of the exchanges and who ever regulates them, which seems to be the governments. It's great news for for Bitcoin. Hopefully Russia and India will follow the same path soon. Hope Bitcoin scaling issue gets resolved sucessfully. In the states we also have this regulation vote coming up on July 14th.
If the article is correct, this will likely be a big deal for those of us in the US. Accordingly, the ULC's draft Uniform Regulation of Virtual Currency Act, may, in the near future, be the legal framework by which virtual currency businesses will be regulated for years to come. In just a few weeks, the ULC will be voting on a uniform law that could set the framework for the regulation of virtual currencies in the US for years to come.
Regulation is coming to, if not to your state, a state near you. Uniform Regulation for Virtual Currency Businesses: Coming to a State Near You. How could they regulate it or I should ask is it even possible to regulate. It really looks like more trouble than it would be worth for a state would go to that extent to regulate a merchant or their currency in any way.
Some states are in debt real bad so they might try but how could they do it successfully. I sure hope thy can't. Thanks for sharing although I don't understand to much lol By the way I would highly appreciate if you could take time to visit my Introduction I would like to know your thoughts. Thank you King, it's great that Australia joins into party with India. Hope more South American countries to be involved too.
South Korea already in plan to legal the bitcoin.. I am worried about developing markets where there is lot of corruption and loose compliance. Once the governments realize that digital currencies will be used to stash away wealth they would be worried about any growth in bitcoin economy. If government tries to control this we need to stop them! They can be apart of it if they play by the rules! Good post thank you.
Wow, that's really a great news. Goods Tax will not be imposed on bitcoin and will be considered money in Australia! This will save traders from double taxation. New wall street in Delaware for digital currencies? This is a news to watch closely. Thank you for sharing dear kingscrown. More and more countries are now adapting Bitcoin, hopefully in the future every country will follow.
Its good news as crypto world is the the future of the planet and in the near future all governments will be run through Digital currencies This is amazing how countries are adopting bitcoins and other digital currencies.
IRS says Bitcoin is taxable http: Delaware Moves toward Blockchain Technology https: Followed, Resteemed and of course i voted up.
Excellent article thank you for the knowledge. Once all governments get involved with crypto's they will infect them with their filth, nothing but a gangs of thieves. I feel like we've only scraped the surface for what could be a huge flood of cashflow from cryptocurrency.
Hii I m Sani, plz support, promote n upvote my account kakilasak: Its very nice post. I guess Germany could be also part of this pack https: I am a resident of Delaware and I am looking very close this new regulations. In fact, I am working in a blockchain project that will be release very soon, I keep you updated!!! Thank you for sharing.