|
The ethereum and ICO team received bitcoins, and bitcoin is a commodity. If you look at the judicial practice, the SEC punishes such projects with a fine in the amount of the amount received for the ICO and penalties. For ethereum, this is a very small fine and the company will pay it, for other projects this fine will be the reason for closing the project.
|
|
|
|
Please read my questions again.
If someone buys cryptocurrency/ owns cryptocurrency before moving to canada then that means it is his capital before he become resident of canada so he should not be liable to pay tax on it in canada as this is the income from another country. no?
If you are a resident of a country at the time of selling your asset in their country then you are liable to pay taxes which can be whatever the rate the government proposed. But there are some countries with no tax policy which can be helpful for you in that case or else doing the trade-off the radar like via physical cash and nothing with bank account then you can avoid it too (illegally). "The one who robs banks is a criminal, the one who owns a bank is doubly a criminal"(С)I don't remember who said it. On what basis do you say it's legal or illegal? If everything were so simple, then there would not be so many lawyers and financial consulting companies in the world. Who should be trusted: someone else's opinion or the opinion of a financial lawyer? Each service has a cost, in the case of the amount of $ 230,000, it is easier to legalize in Canada than in other countries. But I'm not a lawyer  |
|
|
|
Чтобы гнать цену аптоса вверх, понадобятся 100 проектов, которые может загнутся через год или даже не реализуются. Пользователи придут на хайп. Дельнейших этапов манипуляций может быть несколько, но мы не знаем время. Если по простому сценарию, то поднять цену нужно за 2-4 месяца до начала разлока токенов инвесторов, но рынок может политься вниз летом.
Чтобы гнать аптос вверх ничего не нужно. 90% монет в локе, остальное у инсайдеров. Внимательно смотрел за движением на споте и перпах на банане, четкое есть ощущение, что заманивают в шорт разного рода шустрых ребят. И возможно, что успешно. Если влезет кто-то крупный и будет ситуация корнера, монета может показать финальный мега вынос и дальше слив/стагнация. Это не нужно скам проекту. Толкать цену можно манипуляциями на бирже, но идти против рынка не имея хорошей экосистемы за спиной такому крупному проекту неправильно. У манипулятора все карты игроков видны и он заработает, но он не ограничен временем. Ну как бы почти 7 иксов на "таком рынке" это уже что-то из разряда шибы... С аптосом что хотят, то и делают... И не известно куда ещё могут закинуть цену... Чистый хайп и долгий, мучительной для влошенцев даун тренд впереди.... Помню нечто похожее с зиликой было, про которую потом вообще на несколько лет забыли... Не было на рынке ликвидности на 3-5 долларах, кто покупал на несколько тысяч, не заметил. Сейчас задача побрить шортистов, нарисовать дно, дать рост по альтам, загрузить хомяков и пойти вниз. Смотрел блогера "Слезы Сатоши" он покупал на ± 150к $ аптос (по 3-4$) Выходил около 13$, 2 раза забирал по 150к и, по его словам, цена даже не колохнулась, все выкупили, стенки хорошие стоят, не дают цене провалится. Это только он 300к вывел, а сколько его подписчики/последователи купили/вывели? Сколько млн $ ? Так, что ликвидность была, по крайней мере для хомяков её было достаточно. . Тоже смотрел слезы, узнал о ЮСТ и диверсифицировался. За урок нужно платить. Что то он угадывает, где то сидит в просадке, но его платные подписные хомяки с рекламой дают ему 1.5-2М$ в год. Сейчас спорить нет смысла. |
|
|
|
I was still hold Luna for $ 350, I bought 7 months ago when Luna drop price was significant and if calculated there was a profit of around $ 30 because I bought $ 320, I think Luna still had power for rising, this could be seen from the volume of large transactions and binance It is still a power of Luna to continue to pump in the future.
The ecosystem is practically dead, I don’t exclude pumps and dumps from manipulators, but in order not to lose money, I would wait for growth by 200-300% and take my investments, and then calmly wait for growth with free coins. But I would not invest large sums in this project. We can't rely on this coin's capability because its reputation is completely ruined but we can take advantage of its pump and dump and just make a profit out of it. We only have to make sure that we are taking profit wisely because this type of coin isn't reliable when it comes to long-term holding so we should still be careful. We can make a profit if we invest in serious projects, the price of which has fallen by 90% or less. For example, DOT, IMX (not financial advice). By investing in a dead ecosystem, you can lose 80-100% of your investment. But I do not believe that the price of the DOT coin will fall by 80%. Do you have risk management or do you prefer cryptocurrency gambling? |
|
|
|
DeFi hacks [history] https://bitcointalk.org/index.php?topic=5267124.0Basically, statistics count only stolen funds, but do not take into account their return. In Defi, the tendency to return stolen funds has long been increasing. Losses not only in defi projects, but also as a result of hacking with the help of viruses, exploits, phishing. Exchanges are also being hacked, EXBITRON EXCHANGE was recently hacked. FTХ and Alameda lost billions in fraud, but people are more interested in DeFi hacks. |
|
|
|
Ethereum's upcoming upgrade, Shanghai, is said to happen on March 2023.
This hardfork will enable ETH staker and validator to withdraw from Beacon Chain which said to be approximately 16 million coins or over $25 billion.
I wonder how this will affect Ethereum ecosystem and the "universe" of cryptocurrency.
If those staker, who for many years waited to withdraw their rewards, will eventually decided to "dump" this will cause a huge effect to the market though we also know that they have many faithful and loyal supporter who thinks and believe the greatness and usefulness of this project.
Ethereum is still the 2nd most dominating cryptocurrency after bitcoin and I'm hoping Buterin have a great plan to convince those holder to keep their rewards and not to dump it.
I think that when stakers have the opportunity to withdraw their coins from staking, the price of ethereum will be much lower. Ethereum is a promising coin with a lot of liquidity, and I don't think many market participants will want to sell their coins. And if this happens, then the price drop will be temporary. |
|
|
|
If someone owns 10 BTC and move to canada for living there permanently. do he owns canada govt. any tax on that bitcoin? Can the canada government ask for source of those BTC and how they are earned?
First think if you were bringing fiat money in Canada, would they have tax you on that amount? I don't think it make sense to give tax on money which you are bringing to Canada. Also, this will discourage the immigrants to bring their money in Canada and of course no county wants that, so by common sense you should not be advised to pay tax on this amount. Same should go for cryptocurrencies and bitcoin. Every country has social networks for expats. There you can find the answer to this question. Many Russians now live in various countries of the world, and even in the USA many private exchangers have appeared. The minimum amount is 10,000 dollars, the commission when exchanging for cash is 1%. If you pay in cash, then it cannot be tracked. If you do not make expensive purchases. I am not against taxes, but first you need to get used to the country, and then solve tax issues. |
|
|
|
My suggestion is that you should not carry more than 0.4 BTC (aprox 10k euros) in your mobile phone.
If you are walking with your live savings in your hardware wallet, you need to hide the main seed using a passphrase. I was not thinking about a hardware wallet but about a mobile wallet. Anyway, most important is to know what the law says. And even if the law would say "yes, declare crypto amounts greater than 10.000E" it's still a gray situation. Look at it in this way: - you have an online wallet with more than 10.000E worth of BTC; as it is an online wallet, you don't have it with you. But you can still spend this amount in the country where you travel, right?
- you have a mobile wallet with more than 10.000E worth of BTC; (1) you don't declare it as you believe no custom officer would ever check your phone: if this happens (meaning your phone will not be checked) then you are free to spend the money; (2) you delete it and reinstall it once you are inside the destination country: again, nobody can stop you from spending; (3) you save wallet.dat and upload it on your email then delete the wallet: once you reach your destination you are free to spend as much as you want; (4) you delete and restore the wallet using a pass phrase etc.
I myself have not encountered this, but my friends warned me about customs checks. They were asked to unlock their phone and checked which offers were installed. The customs officers checked which YouTube channels they subscribed to. I think that this is not related to cryptocurrencies, but when crossing the border it is better to remove cryptocurrency wallets from your phone and laptop. |
|
|
|
https://medium.com/cotinetwork/a-new-era-for-stablecoins-begins-djed-is-live-on-mainnet-55971971f2a8Перевод: Начинается новая эра для стейблкоинов: Djed в сети!После более чем года подготовки и разработки, а также после успешного аудита безопасности, мы очень рады сообщить, что Djed, стабильная монета с избыточным обеспечением на Cardano, теперь доступна в основной сети! Долгожданный публичный запуск основной сети Djed знаменует новую эру для стейблкоинов. Запуск Djed — важная веха для COTI, экосистемы Cardano и экосистемы DeFi в целом. Будучи децентрализованным протоколом с открытым исходным кодом, Djed управляется сообществом, поскольку дает пользователям возможность хранить, создавать и записывать DJED и SHEN. Доступ к платформе Djed можно получить по адресу djed.xyz . DJED также доступен на MinSwap , Wingriders и MuesliSwap , и мы также ожидаем, что он будет указан на других ведущих платформах в экосистеме Cardano. Кроме того , как недавно было объявлено, Bitrue станет первой биржей, на которой будут перечислены DJED и SHEN. Благодаря более чем 40 партнерским отношениям, обеспечивающим его надлежащее использование и внедрение, DJED откроет возможности для экосистемы Cardano в отношении Defi, платежей и многого другого.
|
|
|
|
Чтобы гнать цену аптоса вверх, понадобятся 100 проектов, которые может загнутся через год или даже не реализуются. Пользователи придут на хайп. Дельнейших этапов манипуляций может быть несколько, но мы не знаем время. Если по простому сценарию, то поднять цену нужно за 2-4 месяца до начала разлока токенов инвесторов, но рынок может политься вниз летом.
Чтобы гнать аптос вверх ничего не нужно. 90% монет в локе, остальное у инсайдеров. Внимательно смотрел за движением на споте и перпах на банане, четкое есть ощущение, что заманивают в шорт разного рода шустрых ребят. И возможно, что успешно. Если влезет кто-то крупный и будет ситуация корнера, монета может показать финальный мега вынос и дальше слив/стагнация. Это не нужно скам проекту. Толкать цену можно манипуляциями на бирже, но идти против рынка не имея хорошей экосистемы за спиной такому крупному проекту неправильно. У манипулятора все карты игроков видны и он заработает, но он не ограничен временем. Ну как бы почти 7 иксов на "таком рынке" это уже что-то из разряда шибы... С аптосом что хотят, то и делают... И не известно куда ещё могут закинуть цену... Чистый хайп и долгий, мучительной для влошенцев даун тренд впереди.... Помню нечто похожее с зиликой было, про которую потом вообще на несколько лет забыли... Не было на рынке ликвидности на 3-5 долларах, кто покупал на несколько тысяч, не заметил. Сейчас задача побрить шортистов, нарисовать дно, дать рост по альтам, загрузить хомяков и пойти вниз. |
|
|
|
Say if someone owns 10 Bitcoins which is not declared and government doesn't know about it (earned/mined etc but did not buy) and now that someone want to avoid paying tax on cashing it out. Can he simply move to countries where there is 0 tax like (UAE) specifically dubai and setup a company there and cash out crypto over years in dubai bank account and later decide to move to his home country with all that money. Since dubai has 0 personal tax and his home country can't charge tax on it because of non-resident of home country. Is this possible?
I have friends who did this. There are no taxes on cryptocurrencies in Dubai, but there are many other nuances. To open a company and get a license, you will have to spend 10-30 thousand dollars. This procedure takes 3-6 months or more. Renting an apartment in Dubai is 5-10 thousand dollars per month. You can live in a hostel with workers from India and other countries it's cheaper there. Dubai is very expensive. The cost of flights, accommodation, company registration, tax services, legal services will take you a very large part of your savings. __ Dubai is considered a shadow tax zone for many countries, then you will have additional problems of legalizing your income in another country. Your 10 bitcoin idea is not worth the effort. |
|
|
|
If someone buys cryptocurrency/ owns cryptocurrency before moving to canada then that means it is his capital before he become resident of canada so he should not be liable to pay tax on it in canada as this is the income from another country. no?
This is a double taxation issue. I have not seen a double tax treaty between Canada and another country. There are a lot of nuances here. For example, in the country where you live, the tax is 10%. In the country where you are moving, the tax is 15%. The tax office may require 5% tax from you. Another point is the time when you cease to be a tax resident of the first country and become a tax resident of the second country. |
|
|
|
Fiscal authorities are often quite relaxed about Bitcoin since every transaction is well documented. At some point, the "anonymous" user will want to use the coins, and create a situation where the fiscal authorities can know that they exist. At this point, it would be up to the taxpayer to prove that there were no taxable transactions before that point...
If the user has at least a little brains, then he will not change his bitcoins for cash. First, he will change them for Monero, or similar coins, then he will change these coins for stablecoins. The exchange amounts of stablecoins for cash will be those that are not subject to mandatory taxation or, in the worst case, a small fine. But linking the user to the first original bitcoins would be very difficult. As long as there are still countries where the authorities don't care from where millions in stablecoins suddenly appeared, yes, this will work. Provided that the stablecoins don't collapse  If the price of stablecoins collapses, then you will legally not need to declare it I think that an adequate person first thinks about his own safety and his family, and then looks for a solution to his tax issues. Every country has different situations and it is impossible to give universal advice. |
|
|
|
I know there is a law which forbids leaving the country if you carry with you more than 10.000 euros. Actually, the law forbids avoiding to declare amounts greater than 10.000 euros and, if caught, the money are confiscated and a criminal investigation is started by authorities. As far as I know, a similar US law was issued in the past, but the amount in question was 10.000$. However, my question relates to situation in Europe, not in US. If any has legal knowledge, I'd like to know if you can leave the country (any European country) and enter in another (European) country while carrying with you a wallet containing BTC worth of more than 10.000 euros, without declaring it. Should a BTC wallet be declared at custom office? And what if that wallet is a software wallet... a mobile wallet? What happens if you don't declare it? They can't see that you have an app on your mobile phone, which is a BTC wallet, right? Even if a custom officer would be too zealous and search travelers' phones, looking for crypto wallets (which I highly doubt), a user can always just delete de app and reinstall it once arrived at destination, right? And there simply restore the wallet. I don't know... is this illegal? Is it legal? Has anyone encountered with such situation? I am trying to understand how law works (or should work) in such cases. As far as I know, since a country does not accept BTC as legal tender, nobody should declare any crypto wallet he has on his phone nor if it is a hardware wallet as, in front of the State, he is not carrying money with him. Maybe I'm wrong though. Topic is self-moderated for avoiding spam.The main principle of the legislation says: "Everything that is not prohibited is allowed." (C) But this principle does not apply to employees of state bodies. And then you can argue for a long time about whether you are obliged to say at the border that you know by heart the seed phrase from a cryptocurrency wallet that stores, for example, $ 10,000,000. In my country, common sense and personal safety should come first. |
|
|
|
https://cointelegraph.com/news/sec-settles-on-security-claim-in-lbry-case-community-calls-it-a-big-win-for-cryptoSEC settles on security claim in LBRY case; community calls it a big win for crypto "The SEC was hoping to seek affirmation on an ambiguous injunction after scoring a victory during a hearing in November 2022, but judges made it clear that the judgment was only for the direct sale. The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY Credits (LBC) tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC case on Jan. 30."
|
|
|
|
https://decrypt.co/120260/ftx-sister-firm-alameda-hits-bankrupt-voyager-digital-446m-lawsuitFTX Sister Firm Alameda Hits Bankrupt Voyager Digital With $446M Lawsuit "Trading firm Alameda Research has filed a new lawsuit seeking to recover about $445.8 million from the bankrupt crypto broker Voyager Digital. Sam Bankman-Fried, the disgraced founder and CEO of FTX, also co-founded the trading firm in 2017. A day before FTX filed for bankruptcy in November 2022, it emerged that the crypto exchange had lent customer funds to help prop up Alameda Research."
|
|
|
|
|
Show Posts
