And who in your country makes tax returns for employees who receive a salary. In my country there is a concept of "tax agent". My employer performs this function and submits an income tax return for me and withholds tax from the salary, which he then transfers to the tax bank account. If every citizen did this on their own, but it is unprofitable to administer some taxes, because the costs for all actions will be more expensive than the tax itself.
Before, we all did it independently every year, we had to submit our tax returns by the specified date, but considering that the system has been digitized and networked, and everyone has insight into everything, everything goes automatically for most employees. Of course, there are certain categories of people who still have to fill out applications and go to tax offices, especially those who have other income. Let's take the example of signature campaigns that pay every week, if I wanted to legalize that income, I would have to go to the tax office every week and fill out the forms because every such income must be reported within a few days of receipt. ~snip~
This system is also not perfect, but it saves a lot of time and money for the government.
We will hardly find a system that is perfect, but I am sure that the authorities will always look for a way to collect as many taxes as possible. That's how they regulated sports betting and the lottery in my country, every win is automatically reduced by the amount of tax, and there is no way you can win something without paying tax. Your tax office is mocking you:) Tax for entrepreneurs in Russia either once a quarter or once a year, depending on the tax regime. Once a month, the employer transmits only reports on employees' salaries. If I want to legalize any income for 2023, then I must submit 1 tax return by the end of April 2024, where there will be the amount of income for the entire 2023, and pay 13% tax. But even this is done by a few, and if you need to declare every income within a week, then this is crazy. I am sure that you also find a way out of the situation, but if the law is idiotic, then why is it needed? |
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But if there are clear cut laws, then for sure NFT or projects are going to carry it out within the boundaries so that they won't violate any laws established. But for now, it seems that we are in the western type of era. SEC can swing at anyone they want, and then projects, some of them might be pulling out scams after scams.
I believe that is the key problem. No regulation certainty allows many things to happen, either abuse from the government or just scams running around with little to no incentive to stop them. Things like this should not last that long. I don't know why it takes so long for regulations to come out either, considering other countries already propose many bills to be approved. On the other hand, people need to improve their awareness so they don't have to rely on the law to avoid easy-to-spot scams like NFT airdrop, etc. CMIIW. Yes, there is no clear regulations and that's why projects are taking advantage of it, be it they are going to scam or not. So at the end of the day, it boils down as to how and what will be the regulations and when it will be promulgated by the SEC or any governing body for that matter. So for now, as I have said, it's free for all, but when crypto regulations are point into place by different countries, this scammers will have no way to steal money from crypto investors again. However, securities frauds and scams also happen in traditional finance. The only difference is the scammers in traditional finance are our rulers, the people who are fixing the game against you. They do not want the clowns like Arthur Hayes, CZ and Justin Sun to run the scams. They want to monopolize the scams and have all control and power over it. This is an old philosophy. Russian hackers even say that bankers are the worst criminals in the world, and they are not even tormented by their conscience for stealing from bankers. It is even considered fair. Like Robin Hood, who took from the rich and gave to the poor. |
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This means, that any incoming transfer to any crypto exchange or service in the UK will have its origin checked in accordance with AML/CFT rules? If this transportation is discovered to be in violation, the travel rule will be applied and the transportation will be blocked.
But what legal action will be taken in such a case? Will they just block the transfer without confiscating the crypto assets or will these transferred assets be confiscated?
Through the Travel Rule, any transferred crypto assets can simply be blocked on the grounds that they are in violation of the Travel Rule. Centralized exchanges have become a very dangerous place and I expect to see more centralized exchanges leaving for wallets and decentralized exchanges.
Exchanges have a compliance procedure for such operations. All operations will be blocked until the crypto exchange receives the necessary information, which will be documented. This gives exchanges even more grounds for blocking various operations, and the court will reject traders’ claims. Beware of crypto exchanges in the UK. |
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https://cryptonews.com/news/turkish-crypto-exchange-thodex-ceo-receives-11196-year-jail-term-for-fraud-and-money-laundering.htmГенеральный директор турецкой криптобиржи Thodex получил 11 196 лет тюремного заключения за мошенничество и отмывание денег. "Фарук Фатих Озер, основатель и бывший генеральный директор Thodex, известной турецкой криптовалютной биржи, был приговорен к 11 196 годам тюремного заключения за мошенничество и другие преступления. Thodex, когда-то считавшаяся одной из крупнейших криптовалютных бирж Турции, внезапно прекратила торговые операции в апреле 2021 года. В результате резкой остановки работы биржи более 400 000 пользователей оказались в финансовом кризисе, поскольку их средства стали недоступны. Озер, который возглавлял биржу до ее краха, загадочным образом исчез, предположительно сбежав из страны в Албанию. Это побудило турецкие власти к быстрым действиям. По первоначальным сообщениям, в ходе первоначального расследования деятельности биржи были задержаны 62 человека. В то время как первоначальная оценка прокурора в апреле 2022 года оценивала общие убытки примерно в 24 миллиона долларов, аналитическая компания Chainaанализ, занимающаяся блокчейном, нарисовала гораздо более серьезную картину, оценив потери в ошеломляющие 2,52 миллиарда долларов. Эта цифра представляет собой ошеломляющие 90% от общей стоимости, потерянной во всем мире из-за аналогичных мошеннических схем в 2021 году." ___ Финикийцы украли до 4 миллиардов долларов, а больше 10 лет не получат. https://forklog.com/news/piramida-finiko-priostanovila-vyplaty-i-potrebovala-personalnye-dannye-polzovatelej
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Я знаю ответ, но моя скромность не позволяет говорить такое вслух.  Твоя скромность заставляет даже такого меня скромнягу чувствовать, что я выпендриваюсь! |
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As the title says, do you think Coinbase will launch its own coin/token for the Base network? If not, why? Considering that Coinbase is one of the world's largest crypto exchanges, it could directly compete with Binance's own Blockchain network dubbed "Binance Chain" (with BNB as its native token). The momentum is building for the Base chain, especially when it has the backing of the Optimism Foundation. If Coinbase doesn't launch its own token, it could lose the ability to collect fees from the network and profit from it. Maybe the reason for this is because they're afraid that the SEC might accuse them of launching an "unregistered security"? It would be nice to have an airdrop where early adopters of the platform get rewarded for testing it. What are your thoughts? Your input will be greatly appreciated. Thanks. It seems that Coinbase does not plan to release its token in the Base ecosystem, because the exchange already has many problems with regulators. They talked about it openly, but the situation is changing, and if this is useful, then perhaps they will change their minds and do everything in accordance with the law that should appear. And now the exchange is in first place in the USA, after Binance started having problems and other exchanges left the country. |
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That's great, it's always better when you can withdraw your crypto directly from your wallet. OWNR wallet added this feature months ago, I've been always using this wallet.
After using such a service, you will immediately de-anonymize your metamask wallet. Not everything that is convenient is good for you. For example, to exchange, I first exchange one cryptocurrency for USDT, and then exchange USDT for cash in my country. And a similar service is available on all major crypto exchanges. |
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Ever since ETH adopted PoS, things have been going into the wrong direction. The network is as centralized as ever with a few big players controlling a large portion of ETH's supply. On top of that, the vast majority of nodes are running on top of Amazon Web Services (AWS). If developers don't do anything about this, ETH will become as bad as XRP in the future. My biggest concern is not only this, but also Ethereum creator Vitalik Buterin. The project is too tied around him. So if he dies (God forbid) or something bad happens to him, you expect ETH's market prices to go all the way down the drain in an instant. It's likely ETH will become worthless after this. What do you think? Is the endgame for ETH approaching? Will it be possible for ETH to become decentralized again? Or is it already too late? Your input will be greatly appreciated. Thank you. If Amazon Web Services goes down, other validators will make more money. Vitalik Buterin has already spoken on this topic, and now they are developing a solution so that the node can be run on a smartphone and will improve decentralization. There are many interests of large financial companies in Ethereum, and Vitalik’s departure does not threaten the ecosystem with collapse. |
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Do you disagree with the fact that the SEC does not want capital flowing from the dollar to cryptocurrencies or with the second proposal?
With the second, as you had said this before: I have always had an alternative opinion about the rise of Bitcoin and I believe that this asset was manipulated for a long time by certain people who mined it in the early years and bought it cheap.
I have argued that I don't think it is correct in my previous post. The thing about the SEC not wanting a lot of money to go into cryptocurrencies seems more plausible to me but I don't have enough elements of judgment to pronounce with certainty. The SEC has its own game, but don’t you see that they are drowning some projects and not touching others at all, for example Ethereum? The head of the SEC doesn't even want to talk about it Well, if you don’t believe that the price of Bitcoin is being manipulated, then look at the price charts, when the price per day falls very much or rises for no reason. That is, the main reason is to cut the hamsters who trade with their shoulders. |
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So for now, as I have said, it's free for all, but when crypto regulations are point into place by different countries, this scammers will have no way to steal money from crypto investors again.
Fraudsters will find a way to deceive an illiterate person, so the only way to lose money from the actions of scammers is to constantly improve your literacy and work with proven services. It is better to make a deal and not get extra 2% than to lose the entire deposit.And a fool always loses a coin. |
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There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.
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~snip~
I think that the exchange should become a tax agent and withhold traders' taxes and send data to the tax office. Then it will save a lot of time.
It would be the simplest for clients because they would not have to do absolutely anything when it comes to paying taxes (of course not in the case that CEX only sends data but automatically charges tax), but again the question arises why CEX would take on that part of the work when there are competent services for that. In addition, how to collect tax from clients from different countries, say within the EU, who use the same CEX, but have different tax rates? And who in your country makes tax returns for employees who receive a salary. In my country there is a concept of "tax agent". My employer performs this function and submits an income tax return for me and withholds tax from the salary, which he then transfers to the tax bank account. If every citizen did this on their own, but it is unprofitable to administer some taxes, because the costs for all actions will be more expensive than the tax itself. But it’s easier to work with a salary, because it is paid several times a month, but how to check traders who have thousands of transactions on crypto exchanges? And if the trader does not agree with the decision of the tax inspector and goes to court? What if a thousand traders go to court? The system collapsed. On the exchange, traders go through the KYC procedure and the exchange can withhold tax depending on the citizenship of the trader. This system is also not perfect, but it saves a lot of time and money for the government. |
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https://twitter.com/paoloardoino/status/1698943028541419795"While @Tether_to reached 72.5B exposure in US t-bills, being top 22 buyer globally, above United Arab Emirates, Mexico, Australia, Spain, ... $USDt is the most used stablecoin in the world, with a huge focus on emerging markets. For many of these communities USDt is a lifeline to protect themselves and their families from the insane inflation of their national currencies." https://twitter.com/WallStreetSilv/status/1698593300410708011"China's ownership of US Treasury debt is down almost $481B from peak levels. The rate of selling is accelerating. For many years the experts always doubted that China would dump our debt because of the impact on their own economy and currency. You can see how the line is steepening. China is getting out of US debt and buying Gold instead." 
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Of course they'd like total surveillance and it was said long time ago that exchanges are the weakest point of bitcoin and that's what these crooks from the government are attacking. They're even going after the ones that were trying to play by their rules (coinbase).
Let's hope Biden administration is not there anymore by the end of next year. This cancer has to be cut out. I don't think we were getting so much negativity towards cryptocurrencies. from any other US government.
If you hope for the improvement of the situation in the centralized exchanges, then your hopes will die. All large and medium exchanges will introduce the KYC procedure and they will work according to the FATF rules, as in this topic https://bitcointalk.org/index.php?topic=5465881.0Each transaction for withdrawal from the exchange will be verified, so you do not need to be 100% sure that you will be able to withdraw your money. Better study decentralized exchange services. They are inconvenient and not suitable for trading, but they allow you to own your coins. |
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If I transfer BTC into my Coinbase account from a personal wallet, and then sell my BTC for Fiat/USD... am I subject to tax obligation?
If yes, how much? In other words, what type of taxation am I subject to?
Intuition says there is no tax, for this is not income, is this true?
Just as Fiatless commented earlier, crypto taxation varies in different countries. Taking my country for example, the crypto tax is newly implemented, it is just few months old actually and it is 10% of capital gains. The procedures and guidelines to enforce the tax is being worked upon by the Federal Inland Revenue (FIR) and Joint Task Board but my guess is, it will be through centralized exchanges that have the jurisdiction to operate in my country. The tax implementation is still not glaring at the moment but I think P2P users will be able to get off the hook. Have you already been required by regulators to file a tax return on the coins that you hold for the initial count of profits? In my country, if you trade on an exchange, the tax is withheld by the broker. I already wrote about the situation in Europe, when every quarter exchanges send dozens of terabytes of trade logs of European citizens to the tax office, and the tax office does not know what to do with it. I think that the exchange should become a tax agent and withhold traders' taxes and send data to the tax office. Then it will save a lot of time. |
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@zasad@. I predict that this will be another case where the SEC will try to stretch the securities laws but when the companies requests for guidance to avoid breaking the law, the SEC refuses to give it to them.
The SEC then will make an indictment, they will face a judge and this judge will do uncle Gary's job again for him and declare that these tokens are not by themselves securities.
Any official response can be used by crypto project lawyers against the SEC, so they don't say anything intelligible. Previously, the SEC was famous for having the best lawyers in the world and all companies were afraid to sue them, but now, if there are no other options, then big business will seek their rights in court, so I fully agree with you. Judicial practice will become law before laws are passed. |
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Наверное что то стоило бы поменять в самой технологии и формах оплаты подписных.
Например делать преимущественно индивидуальные предложения, или как то так более индивидуально. Особенно для технарей которых уже не осталось. Это аналоги рекламы знаменитостми получается. Но и сама знаменитость форума должна доверять конторе, которую рекламируют.
Ну тут, как справедливо заметил Ратимов, кто платит, тот и заказывает музыку. Технологию и форму оплаты подписных, естественно, определяют баунти-менеджеры подписных. Если они придерживаются какого-то правила в течение многих лет, то наверняка в нём есь рациональное зерно. В основном всё направлено так или иначе на выявление качественного и органического постинга. По поводу органичности - я думаю, именно этим обусловлено известное пожелание, чтобы постер позиционировал свою работу как хобби. А касаемо индивидуальной работы - так по факту так и происходит. Могу сказать по Синбаду - Ройс777 достаточно гибкий в этом плане человек. здесь дело по моему не в 10 долларах и 5 лишних постах https://bitcointalk.org/index.php?topic=5446619.msg62803586#msg62803586 |
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Глупый вопрос, но Россия есть  |
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