08-20 16:28 - 'You know what's funny? That's kinda happening IRL in the US right now. Our only hope is some sort of Darth Vader analog to throw Blump out of office when it's legally called for.' by /u/TurongaFry3000 removed from /r/Bitcoin within 27-37min
Bitcoin failing to get the legal weed business to use it is the greatest loss we can suffer. Banks won't work with cannabis businesses in the US, if we can get people in the ecosystem to use BCH then a self-sustaining bitcoin economy can grow. Talk to your friends who grow weed if you've got them.
Really, these are billion dollar industries that VISA and mastercard refuse to work with; bitcoin can help these companies and better than the established payment processors. Bitcoin can spread around the world quickly IF a funcational and working ecosystem can be established.
US Government temporarily retires charges against Michigan Localbitcoin trader in order to dig deeper and identify accomplices. Butters conclude that bitcoin trading does not need licenses and is totally legal
Is it a good idea to move inheritance from Europe to the US in Bitcoins? Is it possible? Legal? Technically possible?
So I might be inheriting some money in the not too far future I wish it wouldn't come to that but I have to face it eventually and I'm getting night sweats and panic attacks at night trying to figure out the best way to execute this task when time comes. The amount would be more than you can carry on your person while traveling and also couldn't fly under the radar as a bank transfer. Also this money already taxed in another country so I wouldn't want the IRS to double tax me for moving my own money into the country. I'd like to turn this money into a fund for my children so they can access it once they turn 25 so I'm trying to minimize the losses (bank wire fee, taxation etc.) Please help with any advice you can. Thank you
Bitcoin – and all altcoins, for that matter – are not currency, but a taxable commodity akin to stocks. While individuals and businesses are free to use any private currency they wish to conduct business, bitcoin and altcoins are not recognized as legal tender. Similar to property, bitcoin earned for services rendered are taxed as income. Bitcoin Regulation in United States. As Bitcoin becomes more and more mainstream, law enforcement agencies, tax authorities and legal regulators all over the world are trying to wrap their heads around the concept of cryptocurrency, and how exactly it ought to fit into existing regulations and legal frameworks. Is gambling with bitcoin legal? The legality of online gambling is a gray area in several parts of the world. Some countries have no restrictions against online gambling, but other nations are staunchly opposed to internet gambling. Again, "not legal tender." The US Constitution gives Congress the right to "regulate commerce." So, we can be sure that there will be future regulation at the federal level. Some have said this regulation will be an outright ban on Bitcoin and other cryptos under the Stamp Act. As of February 2020, Bitcoin was legal in the U.S., Japan, the U.K., Canada, and most other developed countries. In general, it is necessary to look at Bitcoin laws in specific countries.
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