gonna mine some more first y'no save up some 
Topic: glbse btc stock market? (Read 1052 times)
Ill look into it gonna mine some more first y'no save up some
gonna mine some more first y'no save up some
What would happen to the stocks if GLBSE hypothetically went down? Would there be any way to claim ownership?
Yeah it's legit and the only tax you should pay in the UK on your profits are Capital Gains tax which you don't pay a penny on with your first £10,000 of gains.
thanks, so its bassicaly in the same boat as bitcoins
It is legit, legal gray area (not just for GLBSE, but for you in determining what you're supposed to do for tax reporting), but just about everything involving Bitcoins is currently a legal gray area for tax purposes. AFAIK, nobody's even sure if a Bitcoin's even a commodity or a currency, and that probably changes with jurisdiction. GLBSE is hosted on a US domain and serves US customers, which may or may not be a problem in the future -- Nefario's a far better person to speak on this (as in, don't take what I'm saying as truth), since he's probably actually looked into the potential legal problems.
Is it legit and legal?
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