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Title: glbse btc stock market? Post by: tom10122 on February 26, 2012, 03:25:06 AM Is it legit and legal?
Title: Re: glbse btc stock market? Post by: Kluge on February 26, 2012, 03:27:57 AM 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.
Title: Re: glbse btc stock market? Post by: tom10122 on February 26, 2012, 03:48:09 AM thanks, so its bassicaly in the same boat as bitcoins ;D
Title: Re: glbse btc stock market? Post by: matthewh3 on February 26, 2012, 06:21:02 AM 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.
Title: Re: glbse btc stock market? Post by: gbr on February 26, 2012, 01:36:43 PM What would happen to the stocks if GLBSE hypothetically went down? Would there be any way to claim ownership?
Title: Re: glbse btc stock market? Post by: tom10122 on February 26, 2012, 07:44:38 PM Ill look into it ;D gonna mine some more first y'no save up some
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