Japan Virtual Currency Exchange Association ... - Bitcoin

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Bitcoin & Cryptocurrency Ponzi Schemes

Discussion of ponzi schemes that operate using cryptocurrency.
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Bullbitcoin CEO - Today is my last day as an unregulated dealer in virtual currency. As of June 1st 2020, Bitcoin exchanges and payment processors are officially regulated as Money Services Businesses in Canada.

Bullbitcoin CEO - Today is my last day as an unregulated dealer in virtual currency. As of June 1st 2020, Bitcoin exchanges and payment processors are officially regulated as Money Services Businesses in Canada. submitted by Fiach_Dubh to BitcoinCA [link] [comments]

What would it take for virtual currency like bitcoin to surpass fiat currency like the dollar as the dominant medium of exchange?

submitted by ArseArse69 to AskReddit [link] [comments]

#crypto #cryptonews #bitcoin @nocroom #IRS: "During 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in virtual currency?"

#crypto #cryptonews #bitcoin @nocroom #IRS: submitted by PooPoster1 to Cryptoandme [link] [comments]

The alliance with Changelly “promises to allow users easily exchange Bitcoin, Ethereum, and other 150 virtual currencies to and from BeatzCoin”

The alliance with Changelly “promises to allow users easily exchange Bitcoin, Ethereum, and other 150 virtual currencies to and from BeatzCoin” submitted by stephen_sb to BeatzCoin [link] [comments]

Bitcoin: EU approves cryptocurrency clampdown to combat terrorism financing - The European Union has agreed to implement stricter rules on exchange platforms that deal with virtual currencies, including bitcoin. The measure is part of an effort to prevent terrorist financing and money laundering.

submitted by madazzahatter to worldnews [link] [comments]

WSJ: China to Shut Bitcoin Exchanges - Authorities to ban commercial trading of all virtual currencies

Paywall text - https://www.wsj.com/articles/china-to-shut-bitcoin-exchanges-sources-1505100862
BEIJING—Chinese authorities plan to shut down domestic bitcoin exchanges, delivering a final blow to a once-thriving industry of commercial trading for virtual currencies, which took off inside the mainland four years ago.
The country’s central bank has led a draft of instructions that would ban Chinese platforms from providing virtual currency trading services, according to people familiar with the matter. The move comes after months of scrutiny by Beijing, including a ban last week in China on initial coin offerings, a kind of fundraising via virtual currencies.
Regulators in China have been investigating the domestic market for bitcoin and other virtual currencies since the beginning of the year. For a while, officials considered enacting antimoney-laundering rules on exchanges, even circulating a draft of such rules for them to follow.
But the stakes for Beijing grew as prices of virtual currencies like bitcoin soared, adding to the risk of further speculation by domestic investors. Analysts and investors say one reason bitcoin prices rose last year was that Chinese people began using the asset as a way to bet that the value of the yuan would fall. Virtual currencies in theory can allow holders to bypass the traditional banking system to move money outside of China’s capital-controlled borders.
The People’s Bank of China didn’t respond to a request for comment.
Officials from the central bank, cyberspace administration and banking, securities and other regulatory bodies considered various options for months but ultimately came to a consensus to shut down virtual currency exchanges, said the people.
“Too much disorder was naturally a basic reason” for the ban, said one of the people. The price of one bitcoin traded at around $4,279 Monday morning in Beijing, down 16% from its record on Sept. 1.
Trading volumes have already plummeted in China, with authorities stepping up efforts to rein in exchanges. Analysts say more activity is moving underground, where individuals can send virtual currencies to each other using private addresses, which serve like safe-deposit boxes.
The people said that regulators will likely to have to tolerate noncommercial trading of virtual currencies. “The government also doesn’t have the power to control” that, said one person.
Two of the China’s largest domestic bitcoin exchanges, Huobi and BTCC, said over the weekend that regulators haven’t asked them to shut down, even as speculation grows. “We’re still awaiting formal notification from regulators,” said BTCC Chief Executive Bobby Lee. “It’s obviously a sensitive time period.”
A Huobi spokeswoman declined to comment beyond the firm’s press release. Another domestic exchange, OKCoin, didn’t respond to request for comment.
submitted by zero_width_space to BitcoinMarkets [link] [comments]

05-12 12:34 - 'Where is the virtual currency buying exchange without identity verification?' (self.Bitcoin) by /u/cbwigyqbv removed from /r/Bitcoin within 0-7min

'''
thers are highly anonymous.
'''
Where is the virtual currency buying exchange without identity verification?
Go1dfish undelete link
unreddit undelete link
Author: cbwigyqbv
submitted by removalbot to removalbot [link] [comments]

SBI Holdings’ Virtual Currency Exchange Enables Deposits for XRP, Bitcoin (BTC) and Ethereum (ETH)

SBI Holdings’ Virtual Currency Exchange Enables Deposits for XRP, Bitcoin (BTC) and Ethereum (ETH) submitted by EffectiveWait to CryptoCurrency [link] [comments]

SBI Holdings’ Virtual Currency Exchange Enables Deposits for XRP, Bitcoin (BTC) and Ethereum (ETH)

SBI Holdings’ Virtual Currency Exchange Enables Deposits for XRP, Bitcoin (BTC) and Ethereum (ETH) submitted by EffectiveWait to CryptoMarkets [link] [comments]

SBI Holdings' Virtual Currency Exchange Enables Deposits for XRP, Bitcoin (BTC) and Ethereum (ETH)

SBI Holdings' Virtual Currency Exchange Enables Deposits for XRP, Bitcoin (BTC) and Ethereum (ETH) submitted by rishabh_bose to Blockmanity [link] [comments]

XRP, Bitcoin [BTC] and Ethereum [ETH] inter exchange transfer offered by SBI Virtual Currencies - AMBCrypto News

XRP, Bitcoin [BTC] and Ethereum [ETH] inter exchange transfer offered by SBI Virtual Currencies - AMBCrypto News submitted by ulros to fbitcoin [link] [comments]

Tokyo bitcoin exchange files for bankruptcy, acknowledges that significant amount of virtual currency missing

submitted by hankhillforprez to news [link] [comments]

XRP, Bitcoin [BTC] and Ethereum [ETH] inter exchange transfer offered by SBI Virtual Currencies

XRP, Bitcoin [BTC] and Ethereum [ETH] inter exchange transfer offered by SBI Virtual Currencies submitted by n4bb to CoinPath [link] [comments]

Texas banking regulators have established licensing and security rules for cryptocurrencies, like bitcoin, and their exchanges. Virtual currencies will not be treated as money, but Texans can use them to buy and sell goods and services free of regulation.

Texas banking regulators have established licensing and security rules for cryptocurrencies, like bitcoin, and their exchanges. Virtual currencies will not be treated as money, but Texans can use them to buy and sell goods and services free of regulation. submitted by davidreiss666 to Bitcoin [link] [comments]

Bitcoin plunges after Japan searches hacked virtual currency exchange

Bitcoin plunges after Japan searches hacked virtual currency exchange submitted by khmerbadass to Bitcoin [link] [comments]

U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday.-

U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday.- submitted by MyRSSbot to POTUSWatch [link] [comments]

Japan's Top Financial Institution to list Bitcoin on their Virtual Currency Exchange

Seems like Winklevii ETF is not the only option for investors to stock up on bitcoin. SBI Group is planning to list bitcoin up for purchase on their virtual currency exchange.
Unlike ETF, private investors or participating financial institutions (SBI made a consortium of banks interested in virtual currencies and remittances, now ~47 banks) will be able to buy actual bitcoin from the comfort of their bank accounts instantly (via netbanking or phone app). Trials are scheduled to end by March, so starting from April (the same month the law legalising payments with cryptocurrencies becomes in force) through sometime this year Japanese bitcoin exchanges are going to face fierce competition.
You may read the full report here.
The relevant slide is on page 36 of the document. I wanted to add a screenshot here directly, but it appears far to cumbersome of a task.
submitted by deflatedowl to BitcoinMarkets [link] [comments]

The financial authorities in South Korea have decided to declare exchanges illegal, where the exchanges are buying and selling virtual currency such as bitcoin.

The financial authorities in South Korea have decided to declare exchanges illegal, where the exchanges are buying and selling virtual currency such as bitcoin. submitted by shaymu to Bitcoin [link] [comments]

Lets talk about the infamous IRS tax guidance PDF and capital gains regarding exchanging one virtual currency protocol like bitcoin for another virtual currency protocol like ethereum SPECIFICALLY.

Lets talk about the infamous IRS tax guidance PDF and capital gains regarding exchanging one virtual currency protocol like bitcoin for another virtual currency protocol like ethereum SPECIFICALLY.
https://www.irs.gov/newsroom/irs-virtual-currency-guidance See PDF link Notice 2014-21. Q&A 6 and 7.
This comes up so often i am going to have to make some sort of general paste.
Lets start with the webpage and notice what it DOESNT say:
The notice provides that virtual currency is treated as property for U.S. federal tax purposes. General tax principles that apply to property transactions apply to transactions using virtual currency. Among other things, this means that:
Wages paid to employees using virtual currency are taxable to the employee, must be reported by an employer on a Form W-2, and are subject to federal income tax withholding and payroll taxes.
Payments using virtual currency made to independent contractors and other service providers are taxable and self-employment tax rules generally apply. >Normally, payers must issue Form 1099.
The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer.
A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property.
End quote.
Please note while it says the exchange of virtual currencies is taxable and then gives examples of the exchange of virtusl currencies for things or work or fiat or OTHER PROPERTY it does NOT say the exchange of virtual currencies for other virtual currencies is taxable and it never gives an example of that case.
They could have said that but they didnt.
The guidance is instead spending time and examples talking about the exchange/sale of virtual currencies for work or for retail goods or business capital goods. (my guess is they were talking about when a store lets you buy something with crypto which was a big new thing then)
Also in the PDF Examples (which i cant cut and paste) they also do not give a "virtual currencies exchanged for virtual currency" example. Clearly if they meant it was taxable they would have given an example because it would have been one of the largest sources of taxes. For example they never say "if you bought bitcoin at this date and exchanged it for ethereum at this date then here is how you calulate gains." Again the lack of that example is strange if they think you owe taxes on virtual currency to virtual currency exchanges because it would be one of the most common cases covered by the guidance. Certainly more common than being paid for work in crypto which they do give an example of.
But they didnt.
Everyone reading it into the guidance is not actually relying on what the guidance actually says.
They are assuming the guidance meant something none of the IRS lawyers actually said Thise lawyers no doubt spent weeks writing it and proof reading it. Dont you think if those lawyers meant it to say " virtual currency to virtual currency exchanges are taxable "then they would have clesrly said that and given an example?
And none of this has anything to do with like kind exchanges. You dont need a like kind exchange tax exemption if they havent made a law or given guidance saying something is taxable to begin with so the often cited 2018 like kind exchange change is irrelevant.
Now a lot of people are throwing around cpa advise here whuch i havent actually ever seen. The recent AMA cpas only said "most people think". That isnt an opinion. that's an admission thst they arent sure and they wont say.
So here are some questions for your cpa or any cpa
If they say "pratically every CPA" says this
What about the CPA'S that dont ssy its taxable?
And why do you think "pratically every cpa" thinks that? Have you seen a poll? Whereis tust coming from. Have you asked one who doesnt? Why not choose the logic of the one who doesnt? Why not use the rational of one who doesnt? Some CPA'S are better than others.
Ask a cpa where is it EXPLICITLY stated in any IRS guidance or congressional legislation that you owe capital gains if exchanging one virtual currency FOR ANOTHER VIRTUAL CURRENCY?
Have you asked the cpa if they know that switching crypto isnt switching anything but computer protocols?
Have you asked them if they know the little pictures of bitcoins arent of real coins and that crypto coins dont exist or arent a ledger of actual coins or anything else anywhere at all but is actual simply pure computer communications protocol like TCP/IP or html?
Most people including cpa's have no idea what particpating in blockchain protocol actually is. Its not their fault. Its complicated computer expertise snd most people have no idea. They think of the pictures of littles coins they see. Those dont actually exist.
Have you asked them why they dont think you owe capital gains when reading one page of info in html and anothe rin javascript?
I'm not being a smartass.
Those are serious questions i would ask any cpa who tells you you owe capital gians specifically on the "exchange of one virtual currency for another virtual currency" when youn ever sold to cash. That specific exchange which is in actual fact simply an exchange of one computer communication protocol for another as i said.
I would actually love to hear the answer anyone gets from their cpa on those SPECIFIC questions
NOT on general "property" arguments and not on extrapolation of the term exchange in the guidance.
And not of course on like kind which i am not currently talking about.
Disclaimer. I am not a cpa or tax advisor or your advisor or a lawyer. These are my personal opinions just like everyones elses)
And none of this is about a taxprotest or any such nonsense. I am always happy to pay taxes i owe.
If tomorrow the irs says "you need to pay taxes if you exchanged virtual currency for virtual currency then you need to calculate your gain at the cash value even if you never went to cash" then i will of course do that. But they havent. Anywhere.
Edit: i am still editing this so it may change.
submitted by azzazaz to CryptoCurrency [link] [comments]

Ex-boss of MtGox bitcoin exchange arrested in Japan over lost $390m - French-born Mark Karpeles held in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency.

submitted by Noticemenot to business [link] [comments]

Why the latest bitcoin hack should make you worried about your money: Yes, bitcoin and virtual currency exchanges are changing the world — by showing how vulnerable we are to cybertheft

Why the latest bitcoin hack should make you worried about your money: Yes, bitcoin and virtual currency exchanges are changing the world — by showing how vulnerable we are to cybertheft submitted by BobsBurgers3Bitcoin to technology [link] [comments]

Japan Virtual Currency Exchange Association Asks FSA To Mak... #bitcoin #ethereum #ico currency exchange… https://t.co/4ykKGW7VYQ - Crypto Insider Info - Whales's

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Susan Athey: The Economics of Bitcoin & Virtual Currency ... IRS is Coming For Bitcoin & Virtual Currency (How is it ... Top Best Cryptocurrency Exchanges in 2019 What's the future of virtual currency? Bitcoin: Your Guide To Understanding Digital Currency [Documentary]

Bitcoin is a virtual currency that began as a concept described in a paper published on the Internet in 2008 by someone assuming the name Satoshi Nakamoto. Through the use of a distributed ledger known as a blockchain, Bitcoin can store and transfer values over the Internet without the need for an issuing authority or administrator. Bitcoin information Bitcoin is a decentralized virtual currency. This currency is exchanged digitally and managed by a peer-to-peer network, rather than a central bank or authority. The supply of Bitcoins is automated and released to mining servers; with a limit of 21 million Bitcoins being reached by 2140. Bitcoin Exchange. Start your trading journey today. Securely buy, sell, and build your cryptocurrency portfolio. Casino. Now you can win big with the official Bitcoin.com casino, play our exclusive games using Bitcoin (BTC). Local. Join our Local Bitcoin Cash (BCH) marketplace to get the best margins on every trade. This entry was posted in Altcoins, bitcoin, Bitcoin News, CBDC, digital garage, Financial Services Agency (FSA), japan, Japan Virtual Currency Exchange Association (JVCEA), News, regulations, Regulatory Sandbox on February 11, 2019 by adminbtc. Digital Currency – An internet-based Instantaneous Medium of Exchange. To make matters slightly more confusing, cryptocurrencies – such as Bitcoin – and virtual currencies – such as Linden ...

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