There are still plenty of tax havens like the Cayman Islands, for example.
Some tech-smart investors will move to new methods like Bitcoin, but most will follow the tried and true methods of hiding their money in offshore accounts.
It will take a while but eventually crypto may become a part of investment portfolios. No one would risk putting their entire wealth in something so unproven though.
Topic: Swiss account holders will need a new store of value... - page 2. (Read 2176 times)
I'm getting the feeling that Bitcoin will become a reserve currency more than a trading currency. The new bank and government offerings will become difficult competion in the trading arena. To gain credibility as a reserve currency, it needs to move gambling sites out of the main structure. Perhaps someone could start a sidechain for gambling sites in the same way that Neteller helped fiat transfers.
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
Pseudo anonymous can be converted to fully anonymous with the right tools, VPN+TOR, Tails+Electrum, Converting bitcoin to Monero being the best options to remain discreet.
Bitcoin is really a new store of value. The Swiss account holders can buy the most fancy hardware wallet for such purpose.
not if you then use your coin to purchase something on which you have your shipping address, and if bitcoin will be used on today like a currency(i hope so) then its anonymous will be destroyed completely
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
However Bitcoin can not be seized like bank accounts. This feature is priceless.
it can, it is counted as an asset if the court wants to and they can order the law enforcement to seize your assets with bitcoin included.
if I am remembering this right, it was BurtW who had a similar experience when they seized all his bitcoin.
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
However Bitcoin can not be seized like bank accounts. This feature is priceless.
this can indeed be a new era as the article says but a new era for cryptocurrencies which have no central authority to be handing out these kinds of information. in my opinion this can be a launchinig switch for bitcoin so that lots of investors move their money into bitcoin holding.
Looks like the SWISS banking system will no longer be a tax haven from respective governments.
http://www.swissinfo.ch/eng/business/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134
Those with huge cash stores will need some other new store of value.
Wonder what that could be? BTC
http://www.swissinfo.ch/eng/business/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134
Those with huge cash stores will need some other new store of value.
Wonder what that could be? BTC
If swiss account could no longer hold secrecy then bigtime whales and investors will likely explore bitcoin. Bitcoin can provide them with the secrecy that they need. If this happens bitcoin may survive the threat of the central banks to go digital. This may cause another giant explosion of price increase since billions of investment will enter into bitcoin.
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
As long as you make yourself small and don't leave anything obscenely obvious, it is fairly hard to make a case as to who owns what address. Just never use your real info, always use pseudonyms, all that jazz.Bitcoin can be a fine tax haven. Just never exchange it all at once and always make sure that you work with people that are trustworthy.
Well looks like they'll have to switch to cryptos if they want to be able to keep their money tax-free. Bitcoin would be the most suited to it and they have the money to buy whatever hardware it would require to protect their possession. I sure would do the same if I win the lottery -- convert a large part of it to crypto for safe-keeping.
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
Pseudo anonymous can be converted to fully anonymous with the right tools, VPN+TOR, Tails+Electrum, Converting bitcoin to Monero being the best options to remain discreet.
Bitcoin is really a new store of value. The Swiss account holders can buy the most fancy hardware wallet for such purpose.
Let's hope so, I for one welcome them with open arms, Lord knows we need some big, mainstream investment.
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
Pseudo anonymous can be converted to fully anonymous with the right tools, VPN+TOR, Tails+Electrum, Converting bitcoin to Monero being the best options to remain discreet.
Bitcoin is really a new store of value. The Swiss account holders can buy the most fancy hardware wallet for such purpose.
Bitcoin isn't really anonymous though, it is pseudonymous. It only works as tax haven if the holder is super-discreet and doesn't trip various wires, like selling a lot in one go.
Looks like the SWISS banking system will no longer be a tax haven from respective governments.
http://www.swissinfo.ch/eng/business/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134
Those with huge cash stores will need some other new store of value.
Wonder what that could be? BTC
http://www.swissinfo.ch/eng/business/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134
Those with huge cash stores will need some other new store of value.
Wonder what that could be? BTC
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