EU to regulate bitcoin
 

Many/most exchanges already want you to submit some ID if trading crypto for fiat (usd/eur etc) currency, however there is no chance they can regulate exchanges made by regular people.

dodge tax, launder money...


wtf :)

because nobody is avoiding taxes and laundering money now

Those in power will always find a way to steal from others...they are professional thieves after all.

Interesting turn of events.

Ray
hardlinks.org

its about time :2 cents::thumbsup

SELL SELL SELL

That is one of things what worries with crypto currency generaly. The thing is , in order to make money on longterm, you need to keep it, but goverment could see it as tax evasion while in reality you just try to make as much is possible money by waiting on cashout.

So give them another way to do it?

so when it's about weapons, then it's not the weapon but the person who uses it?

but when it comes to money laundering and tax evasion it's the currency but not the person who does it?

take Bitcoin away = no money laundering and tax evasion?

ok - then: take weapons away and no murder, right?

or is the Bitcoin the AR15 of currencies?


On a serious note (as if you cared): My Bitcoin exchange provides statements that i can use to file taxes and according to local laws i pay tax on capital gains if i sell in less than 5 years after purchase. And they have my ID docs and address.

So at the end it is up to anyone to follow the laws and pay taxes where applicable

And I think we can all agree that banks are only shitting their pants about losing business and therefore fight crypto currencies wherever they can

Jew bankers are butthurt that goys are going to ditch their monetary system and break free form their anal slavery, so they're trying to stop crypto from taking over :1orglaugh

That's a sign that crypto is a pretty serious tech.

http://i0.kym-cdn.com/entries/icons/...kie-talkie.jpg

Another EU dictatorship success story.

((((THEY)))) are protecting their racket.

it's just as bad, if not worse

That is why people now moving. Why would you pay capital gains on bitcoin? If i buy USD's and they become worth more i don't have to pay tax on that. Sweden also taxes bitcoins and people with a lot of bitcoins will leave.

In Holland they just see it as capital. If you have more than 20.000 euro capital (house/stocks/cash), you pay 0,7 - 1,2% on the amount you have above 20.000 euro. They don't look if and how much money you made from it.

How high are the taxes on capital gains in Germany or Czech republic?

Bitcoin is used to launder money, transact illegal drugs and buy weapons in the first place.

If they actually implement something it's going to be a mass awakening more detrimental then btc it's self.

what most of these bitcoin loving guys forget is that the bitcoin have an exchange rate.

if you destroy the existing currencies what is the exchange rate then?

11.000 to what?

:1orglaugh

well if you want to use fiat you have to obey the laws of people who issue the fiat...nothing is stopping you from bartering 100 chickens for bitcoin...

as for tax evasion it is almost as perfect as my greenhouses LOL...in my country the law says it is not taxable because selling something (a couch, a tv or a steam account) is not profit so it is not taxable...I would have to pay like %5 to launder as much offshore money as I want by buying BTC or some other shit coin and just selling it to a domestic exchanger in return for local currency to my bank account...fucking perfect...it circumvents all tax laws in my country for money coming from abroad and I have the perfect cover by getting a domestic transfer to my local account...

US Dollars are used to launder money, transact illegal drugs and buy weapons in the first place.

See what i did there?

The problem is how do they acquire the info to regulate it?

they do not want to regulate bitcoin at all...they want to regulate anything that has anything to do with fiat being exchanged in to and out of shitcoins...

you can exchange 1000 fart-in-a-jar coins for 1000 shit-on-a-sidewalk coins all you like but the moment you want to use fiat in any way you have to comply with what ever regulation the issuers of the fiat impose on you...

they will make all exchangers comply and localbitcoin.com will become local-sting-coin.com...

the point is - as soon it is also regulated and not anonyme anymore THAN you can see the real value it has.

i assume that 99% of all that bitcoin buys are from black biz because it is a good way to wash money. this ammount of money what made it exploding can not come from regular sources.

as soon this possibility is gone they do not have a reason to buy cryptos anymore and than they will hurry to take the wins out and go.
and then you see the same downward curve - just faster.

holy shit you're clueless :1orglaugh

^^ Polack hates American culture loves Putin & Trump

considering that 95% of all the bitcoin volume was from 3 china exchangers I find it extremely hard to believe that the money was not underground money...the USA/EU is just a tiny tiny part of bitcoin...

was just gonna say .........:2 cents:

I'm sure you would trade 1 btc for a couple of bananas, cause of brexit great britain won't be able to import any. Therefor bananas will be worth PURE gold...:2 cents: