Bitcoin isn't stable enough to be a currency..Bitcoin is just a prototype, once a better coin comes out or maybe it's out already? will replace Bitcoin and render it useless. Now that new coin will be a currency.
good luck new coin
Topic: What if Bitcoin was a currency? - page 3. (Read 2536 times)
good luck new coin
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I mean according to the IRS.
Well then the laws would probably be the same as for what we currently have for fiat taxation.
Bitcoin isn't stable enough to be a currency..Bitcoin is just a prototype, once a better coin comes out or maybe it's out already? will replace Bitcoin and render it useless. Now that new coin will be a currency.
I mean according to the IRS.
As opposed to being considered property? Well, if Bitcoin were a currency under US law, it'd be comparable to the Euro. Paying employees in foreign currencies, such as the Euro, within the United States carries different taxation rules than property, so the taxes (in general) would be higher than it is for property.
It is a currency. Do you mean if it was fully adopted as a main currency or something?
i was assuming he ment adopted as like a world wide used currency. where you could use it anywhere
I mean according to the IRS.
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It is a currency. Do you mean if it was fully adopted as a main currency or something?
public acceptence and knowledge of it being a currency and people using it day to day. and also taxing would be a huge thing that idk how they would do it
What would be the difference? Tax laws?
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