Hi folks. First of all, I apologize in advance if this has been asked earlier, but with 60 pages of discussion you'll forgive me... I just want to know if for instance I have a card registered in France (which is the case now, since the middle of this year, but I currently live in Asia), do Advcash are entitled to share the information to tax administration in France for their customers registered? I ask the question for France but this is a general question for any other country. I live in Asia, but I don't want to register the card here either, it is good news actually since only SEPA countries residents can now have a mastercard to withdraw in ATM.
I ask this question for obvious tax purpose. In the future, I may use a broker to sell my Bitcoin, a broker willing to send the funds to my Advcash wallet. And I obviously don't want the tax administration of my country to know about this, which is why I use Advcash in the first place. Any opinion welcome. Thanks.
(I was about to send a mail to Advcash but thought I would ask here first).
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France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?
Looking forward to hearing different opinions!
This is great news, it will increase awarness about Crypto currencies and I think, but that might be just me, we will see another great price growth. This is about taxes, at least this is France's position on it. I am not sure what the other countries of the G20 say about it.
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Well I have to cancel my words about Yobit, I thought it was reputable but read everywhere they offer fishy coins. They also offer Bitcoin Hot so here is another one with a fishy name and likely to disappear soon. The more Bitcoin will have forks, the more people will realize it is useless to pay attention to them anymore.
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This is hilarious, I came across the name Bitcoin Hot and thought it was fake, and an obvious scam. Well not to surprised to see it is available at Yobit Bitcoin Cash Plus is hilarious too. One day will come that all these jokes will end, the sooner the better.
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???Yet how would they know what you bought and sold for?! And how much?!
When you transfered the money to your bank account, especially if it is a big amount, they will put their nose on it and you will need to provide evidence of your different transactions. That is how I see it. But this is just talk for now, and I am waiting to see how exactly they will implement it. In my case for instance, I used a bank card registered overseas, so it is not easy for them to find what amount I spent to buy (not to mention Bitcoin earned in signature campaigns or affiliate programs).
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If something like that happens, then do you guys think that the governments will just sit back and watch? Bitcoin is an asset which can never be controlled by the governments (unlike the case with treasury bonds, fiat cash, equities, mutual fund and to some extent bullion). Here in India, the government is trying to charge Bitcoin users with treason charges!!!
I am sure that the government will interfere and will do whatever they think that they can to ban or stop bitcoin for not going more increase. although the government cannot control bitcoin, I am sure that they will search and use their source to controlling bitcoin. if this happens then bitcoin user cannot feel free again when they want to use bitcoin. Governments will be willing to tax rather than ban it IMO. Look this thread about France's case for instance > https://bitcointalk.org/index.php?topic=2602056.0;all
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Victime of their own sucess... and to think this is only the beginning of cryptos, they'll need to make some changes as soon as possible. There was one or two weeks ago, Eth and Ltc transactions were blocked because of too high traffic apparently. Coinbase were not prepared. Kraken also went through a lot of troubles this year but they say it should be solved now.
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Hey there, My name's Martin, and I'm heading up our support efforts at Coinmama. As you can imagine, things are a bit hectic in the world of crypto, and our teams are working around the clock to answer everyone's questions. If we haven't answered yours yet, have faith that we're putting in every effort to get there soon Alternatively, leave a reply here with your order number or PM us your email, and I'll look into it right away. No problem. I sent you two emails back in August and never got a reply, first was to ask how to buy Bitcoin Cash (naive question I know but I was a newbie), second was about a payment refused. I got my answer later anyway, so no harm done. But yes, replying to all customers is the best way to go in my opinion All the best.
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Well so far Bitcoin has proved to be (very) deflationary (and yes it is deflationary by nature), I think no one can deny that today.
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If I am not mistaken, Fosun have already big investments in Brazil and Portugal. This will help in promoting Chinese enterprises for sure. A good reason to believe 2018 will be the year of the blockchain, in China but also all around the world IMO.
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This is not new, It's just that the govt. is making their position to be sure to be know from the bitcoiners. Because more people start to be interested in without thinking about taxes. But their position about this has been clear since a long time now.Actually, you paid taxes based on profits, you have to report as BNC or BIC. you can find it on taxes income sheet yearly. But no way to be taxed up to 60%, it's not the ISF.
I know that they decided to use data mining and TRACFIN to watch out for people trying to cheat the taxes, which is a good thing to be honest
I see we are from the same country. The article is indeed not very precise, they mention this 60% figure but this is still to discuss at this point. I also heard somewhere (I can't recall which source) that Emmanuel Macron was not really supporting this plan to tax Bitcoin profits that much (now I am convinced he is a Bitcoin holder himself )
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60%!?!?!?!? What the actual f***?? If that's the case, screw declaring taxes. If I was in your position I'd rather go with localbitcoins and do transaction meetups instead of buying off Coinbase or other similar services, so I could pay with paper money instead, which is quite untraceable. As if bitcoin's volatility isn't scary enough. Now french people have to pay up to 60% tax. Yikes. Is that site: https://www.lesechos.fr/ a valid or trustworthy source of information though? Not a French person, so I really don't know. Actually Up to 60% (will edit my post), but yeah when you get "kind of rich" in this country, you are screwed. Government still don't understand that citizens are as free as ever to leave the country when they feel they get stolen from tax administration. Yeah this website is reliable I believe, but like said in my first post, I am not even surprised they intend to tax 60% on the biggest profits (my guess is that it should aim 6 figures profits, but yeah... shameful). Still though, even if I'm a billionaire for example, 60% is like, what the f***? Calling 60% enormous would be an understatement. As a french citizen, what's your move though? I don't mind saying. My profits are too small for now, but that being said, Bitcoin is so unpredictable that one day I could earn a lot of money, perhaps. In that case I would be happy to open a bank account in Malta, and move to there (I have a friend specialized in sports betting, he is from France but lives in Malta for this purpose). I think I would just do that. Malta is close to France so this is a good solution for us.
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60%!?!?!?!? What the actual f***?? If that's the case, screw declaring taxes. If I was in your position I'd rather go with localbitcoins and do transaction meetups instead of buying off Coinbase or other similar services, so I could pay with paper money instead, which is quite untraceable. As if bitcoin's volatility isn't scary enough. Now french people have to pay up to 60% tax. Yikes. Is that site: https://www.lesechos.fr/ a valid or trustworthy source of information though? Not a French person, so I really don't know. Actually Up to 60% (will edit my post), but yeah when you get "kind of rich" in this country, you are screwed. Government still don't understand that citizens are as free as ever to leave the country when they feel they get stolen from tax administration. Yeah this website is reliable I believe, but like said in my first post, I am not even surprised they intend to tax 60% on the biggest profits (my guess is that it should aim 6 figures profits, but yeah... shameful).
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Hi folks. Lately read this article > https://www.lesechos.fr/finance-marches/marches-financiers/0301023356585-impots-les-5-questions-a-se-poser-avant-dacheter-des-bitcoins-2138454.php this is about France's position (for now) on Bitcoin and cryptos in general. I won't translate all of it, but basically main information is about implementing taxes on profits related to Bitcoin. So it seems this is the official position of France on this. This is of course better than banning Bitcoin, but right now tax administration is watching closely and is "worried" about the use of cryptos in money laundering, or when it leads to all kinds of scams. French residents are allowed to buy Bitcoin but must declare their profits, the same way they declare their taxes every year. For instance, you bought 1000 EUR and sell for 14,000 EUR, you will pay taxes on the 13,000 profit made. One thing new (for me) is that theoretically, if you buy items or services with Bitcoin, the seller should provide you a bill showing the equivalent amount in Euros (is it something done in any other country?) However, there is still nothing officially decided about the exchange operations between different cryptos and the profits coming from it. As we all know, prices can move very quickly, it is (I think) impossible to know precisely at which price Mister Smith bought Coin X and traded it for Coin Y. Taxes? There are two different situations: the "average Joe" making one or two transactions here and there, and the "professional" doing this on a weekly basis (as "his job"). The amount of taxes paid is not very precise yet but could reach up tp a maximum of 60% for the highest (very significant) profits (does not surprise me the least from France, as my home country this is both sad and predictable). How taxes will be applied? It is actually not too difficult to know when a profit is made, if the person used his bank country located in France to receive the funds. As a French citizen, this would seriously make me consider moving to Malta one day and call it my official residence. Would be nice to share on this topic your personal experience: -if you are French living in France -if you live in a country with a similar policy -if you ever paid taxes in your home country: please share your experience Any other comment welcome.
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Are cryptos a bubble? Yes for sure, very similar to the start of the Internet. Is Bitcoin a bubble? Possibly not, if it can evolve, save the fees problem and become a real currency.
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At least we'll get to see the fruits of all these block size debates in hard results. Who would thought we'll get to test them this early?
And most exchange operators are not prepared at all for such success. I think no one saw it coming that quickly like you said. Coinbase suspending Eth and Ltc transactions because of "too many trades" was like being back to the 80s...
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ALERT: INCREASED NETWORK TRAFFIC The Bitcoin and Ethereum networks are currently experiencing record high traffic, resulting in higher miners fees and longer confirmation times for transactions. Blockchain does not collect transaction fees. Transaction fees are paid to bitcoin miners and are determined by demand in the market for transaction confirmation. We do our best to try and provide you with the lowest possible fee that aims to achieve transaction confirmation in an acceptable timeframe. If you do not wish to pay the fee currently recommended, we recommend you check back later as fees will become lower once network activity has subsided.
See this message when I login to blockchain.info
Crazy times.
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It is a waste of time, i dont even know why you tried to deposit your bitcoins in there.
Neteller is a joke, and their prepaid card was the best thing that they had, but they have cancelled that card in almost all the countries all around the world (including mine), and that is why i stoped using them.
They do not have much fees if you are sending money to another guy, but they charge you a lot of money if you want to buy in shops, ecommerces, and so on.
And the bitcoin deposits that they have is a lie, because you can not send that money to anyone, you can just spend it on another stores that they allow it (it is all a marketing campaign)
Even the fee to send from personal account to another personal account is a joke. I mean Skrill too, they are the same group (paysafe). They are lucky to still have this strong position in the market, because solutions such as Advcash are miles better. Bet365 and the likes must have a very good deal to keep working with them (because I know from a good source that the fees are much tougher to digest for merchants accounts).
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No doubt for me that Bitcoin Cash has potentially a good future. It will also depend on merchants offering the possibility to make payments and receive with this coin, I heard there was a bookmaker offering this possibility lately. More and more people are a little fed up with the slow process of sending/receiving money with Bitcoin and the fees attached to it. Right now the price of Bitcoin is doing great mainly because of the hype and exchange operators in the United States.
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