Bitcoin is not generally acceptable that is why every countries have there own law that is backing them up. If Bitcoin is acceptable in your country for trades then that is fine but that are some places that the use of crypto is purely ban while we areas, they are strictly regulated because the government is keeping an eye on how frequent and what sort people are using crypto for. Maybe in years coming if there is a need for Bitcoin to become a general currency then the aim of Satoshi Nakamoto will be accomplished but there is still fear that Bitcoin might become regulated.
To buy real estate for cryptocurrency you need to solve two main problems: Find a notary and a lawyer who will execute the contract and register this purchase. You need to pay taxes on cryptocurrency, read the latest tax guides: https://coinpanda.io/guides/crypto-taxes-france/https://blockpit.io/en/tax-guides/tax-crypto-guide-france/Pay your taxes, but don't feel like an idiot afterwards. Some tax rates are inadequate. Paying tax is both involved in whether one is ready to sell or trade in fiat or cryptocurrency but I think weighing the level of tax to pay when we trade in cryptocurrency will be less and not compared when tbe figures is in fiat when the government always have stable percentage they will collect. Taxes is one thing that cripple the interest of trading in cryptocurrency especially when we want to sell real estate. If the government frown or does not have a simple law that support cryptocurrency, they could want to stress those who will like to trade for cryptocurrency with a high tax rate to reduce the influence of cryptocurrency by the citizens. In France the tax rates are not the same and they are different for Occasional investors, Professional traders and Crypto Miners. And there are difficulties in choosing the optimal regime for paying taxes. Occasional investors pay 30% of taxes, and this is a lot. Does it means that the kind of crypto investors or adoptee tha you are will determine the kind of tax that one will pay. It looks like those firms and high profile people that are into cryptocurrency would have to pay more tax than those that are just mere investors or traders. Normally, I think those crypto miners and big firm investors need to pay more tax because they earn more from cryptocurrency than those that are just small scale traders and investors. Paying 30% of income as tax is extremely too big and I don't see myself paying this kind of high tax fee if I am eventually a big crypto investor. I think that the French will not pay higher taxes on cryptocurrencies. If in France the tax is about 30% and in offshore zones near Europe or the USA this tax is 0-5%, then European and American lawyers will always have a lot of work 
I don't understand why real estate prices are rising in France. Investors do not want to buy expensive real estate and invest in other countries with a good climate, such as Georgia, where you can invest in construction at an early stage and get an apartment at a price of 800-1000 dollars per square meter without renovation. How do you like these prices?
Think that with each sale, the government takes a part, the department too, without counting the real estate agencies. Of course the banks also with their 25-year loans. Housing is a basic need. This race for profit is totally insane. But right now, with interest rates going up, good loan applications are being turned down. The cash machine begins to seize up. So much the better, otherwise young people can no longer find accommodation. On the other hand with declining transactions and therefore the taxes that go with it too, the French government will find us a new tax to compensate. I understand that real estate is worth buying with a mortgage when there is a chance to become the owner of the property. But to engage in a debt relationship with a bank for 25-30 years is a modern form of slavery in Europe. I can't imagine how many additional insurance payments for health and real estate citizens have been paying for these years. |
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I confirm, Bitzlato wasn't an exchange Binance CEO Changpeng Zhao accused Chainalysis on Twitter of “bad business etiquette.”"
Do you see how it's funny? Binance is a customer of Chainalysis for years  (as well Gemini, Gov., and many others) bad business etiquette is always the kind of excuse he likes to uses when it doesn't fit his agenda. Why still pay a company if they think it has a bad business etiquette? it's like saying that your baker is an asshole but you're still going to buy your bread from him Their KYC is a joke with compliant specialists who don't do their job correctly, it's well know. So the KYC is easy to bypass. Before and after KYC, it's not a secret that Binance has been participating directly or not in several money laundering schemes Chainalysis and its competitors are always late. After opening a fraudulent scheme or any crime, these services can track the path of money and mark addresses, but most likely the coins will belong to bona fide buyers. And the exchange, unfortunately, may not know that the coins were criminal when they came to the exchange and the AML providers did not respond at that moment. |
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https://www.theblock.co/post/239603/ethereum-consensys-investor-talks"Consensys has held talks with potential investors in recent weeks, according to several people familiar with the matter. But a spokesperson for the Ethereum developer said it doesn’t need cash and isn’t formally fundraising. In fact, they added that Consensys has been hoovering up its own “significantly undervalued” shares on the secondary market. "
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https://www.theblock.co/post/239734/coinbase-users-in-four-states-will-no-longer-be-able-to-stake-additional-assetCoinbase said retail clients in four states will no longer to be able to add new assets to its staking product while numerous legal proceedings carry on. Ten states — including Alabama, California, and New Jersey — filed actions against the exchange to halt its staking program within their jurisdictions on the heels of the Securities and Exchange Commission's lawsuit against the firm in June. The SEC and several states argue that the product constitutes a unregistered security offering. Coinbase claims staking is not a security, maintaining that it is a "core part of ensuring the cryptoeconomy functions for hundreds of millions of users around the globe."
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I think this is one of the things that the Binance is struggling with now and it is making things hard for them. The SEC is currently not smiling and had been in a contention with both Binance and Coinbase and I think Coinbase is planning to leave the US if things does not tlstoll work out the way it ought to. The SEC had been very strict currently fighting against illegal and unregistered exchanges and cryptocurrency projects that is not abiding by the rules that is regulating them. I hope more of these regulations will not be enforced by the government of other countries against cryptocurrency exchanges and projects.
The government cannot actually regulate bitcoin because it is decentralized. Therefore, it will regulate what it is very familiar with, centralized companies, among which are CEXs like Binance or Coinbase. And I wouldn't bet a farthing that governments (short of some offshore financial centres) won't heavily regulate centralized companies that are intermediaries for decentralized projects like bitcoin. Governments can close all financial gateways for cryptocurrencies, and not only exchanges, but also banks and shadow exchanges in every country. I am not the best specialist in American law, but with tokens there are still a lot of questions about the processes of their distribution among investors and the community. If someone knew a 100% legal way, they would have done it a long time ago. |
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https://www.nbcnews.com/tech/crypto/former-celsius-ceo-arrested-company-agrees-pay-47-billion-settlement-rcna94106"Former Celsius CEO arrested; company agrees to pay $4.7 billion settlement The SEC and the CFTC charged the exchange with scheming to defraud investors out of billions. New York prosecutors accused CEO Alex Mashinsky this year of orchestrating a $20 billion fraud against investors. The exchange was also charged by the SEC and CFTC with scheming to defraud investors out of billions. The $4.7 billion settlement is one of the largest in the FTC’s history, close to the record $5 billion fine levied against Meta in 2019, and highlights what the FTC described as repeated deceptions by Celsius and Mashinsky. " ___ He cheated for 20 billion, paid a 25% fine and was released again:)
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"- То есть любой владелец цифрового кошелька сможет «подкрасить» свои рубли и проследить, чтобы их тратили только на благие нужды? - Да, например, даете деньги ребенку, который идет в школу, оговариваете при этом, что деньги можно потратить только на завтрак, покупку книг или учебников, но никак иначе. Соответственно, как ни велико было бы желание пользователя денег применить их не по назначению, сделать это будет невозможно. То есть будет прописано целевое использование выделенных родителями ребенку денег." Подробнее в ПГ: https://www.pnp.ru/economics/anatoliy-aksakov-deti-ne-smogut-potratit-cifrovye-rubli-na-chto-popalo.html___ Мамочки будут делать смарт контракты для детей, а регулятор с Росфинмоном, ФСЬ и налоговыми органами будут за этим следить. |
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https://cointelegraph.com/news/multichain-was-a-big-blow-says-andre-cronje-as-fantom-tvl-slumpsTVL Fantom упал с более чем 364 миллионов долларов в начале мая до примерно 70 миллионов долларов на 14 июля. На пике в 2022 ТVL Fantom превысил 7,5 миллиардов долларов. "Соучредитель сети Fantom Андре Кронье сказал, что недавний крах Multichain стал «большим ударом» по платформе смарт-контрактов, активность которой за последние несколько недель резко снизилась. Волновой эффект проблем Multichain также затронул кредитный протокол Geist Finance, который был вынужден навсегда закрыться из-за убытков от эксплойта."
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На Гевина похоже снизошло просветление  Polkadot переосмысливает экономику аукционов парачейн Во время ежегодной конференции Decoded в июне Вуд временами философствовал, объясняя свое видение эволюции экосистемы как сети суверенных цепей, связанных договорными «соглашениями». «Когда вы это построили, вы понимаете, что на самом деле построили что-то немного или даже совершенно отличное от того, что вы изначально пытались построить», — изрек он собравшейся аудитории в своем программном выступлении в Копенгагене. Говорит как чебурашка... Строили, мы, строили... И вот, наконец построили... Похоже на что что Гэвин Вуд теперь не знает как бы ещё инвестиций в польку привлечь... Мне полька изначально не понравилась и во многом наверное из-за Вуда... Вот и развитие у неё сейчас мало заметное... Я это писал 1 июля. У Гэвина Вуда нет проблем с инвестициями, он технарь, который хочет построить хороший проект, а не пампануть и свалить, и он подбирает таких же людей для сотрудничества. Может у него и не получится, но тогда у кого? |
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100,000 euros is a very small amount for a tax deduction, because real estate is more expensive in France. And such a deduction can be made once every 15 years. Russia has the simplest tax legislation for individuals, and the most uneducated citizen can understand it. This article contains very complex calculation rules that will most likely require the additional services of tax lawyers.
I know that salaries are high in Europe, but I heard from people that up to half of their income is spent on taxes and insurance.
It's been years that wages are no longer in line with real estate prices. Previously everyone could buy their home based on their salary, despite high borrowing rates. A worker could buy a house without his wife working (in the 1960s). Then wages no longer kept up with inflation (1983, socialist government, unless I'm mistaken). Now even people with high wages have to go into 30-year debt to buy an apartment in Paris or a big city. Real estate prices are insane. But a lot will happen in the months to come: if the owners have to do some kind of advanced technical control of their house to sell and must have a property that complies ecologically with the government's requirements, it is very likely to stop the machine. Not all homeowners can afford expensive work to insulate their home before selling it. The rental market is super tight: prices are also soaring in the big cities and seaside resorts. There too it will be necessary to rent with precise environmental standards, in addition to that it takes at least two years to evict a tenant who does not pay his rent, investors turn to seasonal rentals or invest in something else. Let's see what will happen in the following months ... I don't understand why real estate prices are rising in France. Investors do not want to buy expensive real estate and invest in other countries with a good climate, such as Georgia, where you can invest in construction at an early stage and get an apartment at a price of 800-1000 dollars per square meter without renovation. How do you like these prices? |
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"During this period, Binance processed transactions totalling at least $2.35 billion stemming from hacks, investment frauds and illegal drug sales, Reuters calculated from an examination of court records, statements by law enforcement and blockchain data, compiled for the news agency by two blockchain analysis firms. Two industry experts reviewed the calculation and agreed with the estimate. Separately, crypto researcher Chainalysis, hired by U.S. government agencies to track illegal flows, concluded in a 2020 report that Binance received criminal funds totalling $770 million in 2019 alone, more than any other crypto exchange. Binance CEO Changpeng Zhao accused Chainalysis on Twitter of “bad business etiquette.”" https://www.reuters.com/investigates/special-report/fintech-crypto-binance-dirtymoney/__ I have said this many times, that any crypto exchange can be blamed for such violations, but this is rarely talked about in the news. |
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@zasad@. However, was it not mentioned by the judge that XRP is very much like a digital token and not something similar to an investment contract or a transaction that requires XRP to go through the howey test? We cannot be certain who really has the correct interpretation, however, I very much agree with this statement. Because the @SECGov and @GaryGensler refused to write clear rules for crypto, a judge just did it for them. Source https://twitter.com/cameron/status/1679552793705578496?s=12&t=fx2RmsbaS0qNJTJTdpNu2wIn this process, many points have not yet been set. A sale on an exchange is not a sale of a security, but the sale of tokens at a public sale and a private round to investors will most likely not pass the howey test, so there is a temporary positive moment on the market and companies have many questions about how to properly distribute tokens so that they don’t have problems in court. |
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As a taxpayer, it is your responsibility to pay taxes to the government. If anyone other than the government asks you for tax payments, it is likely a scam. Exchanges do not have the authority to deduct taxes directly from you; instead, you are required to submit your tax returns to the government. However, exchanges are obligated to provide reports to the government upon request. Please note that these are general terms, and specific rules may apply in the United States or other jurisdictions.
And in the US, the tax does not give other organizations the function of a tax agent? In Russia, the income tax on wages at a rate of 13% is withheld by the employer and transfers this data to the tax office along with the payment. This is done so that ordinary citizens do not have problems with the law and they do not pay money to tax lawyers. |
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Thank you, oh nagogs on real estate in France, you will run away. The article says:
"In all cases, you are exempt from capital gains tax on any property that you have owned for more than 22 years."
In Russia, this term is 3 years and it does not matter what kind of property you sell, the main one, where you live or the additional one, which you use or not.
It's not over: you are also taxed each time you donate (with exemptions and reductions...). A house passed down from generation to generation will be taxed and re-taxed, in addition to local taxes. But as they say at the WEF: "you will have nothing and you will be happy" Taxes and donations in France : https://www.service-public.fr/particuliers/vosdroits/F10203There is no inheritance tax in Russia, only a state duty of 0.3%, if the owner of the property gives it to a close relative during his lifetime, then there will be no taxes. 0.3% is paid not from the market value, but from the amount of expert assessment, which is underestimated to the maximum. In France, there are no such holes in the laws? Taxation in France is quite complex, which is also the reason why there are tax advisers and tax lawyers. The wealthiest are therefore the best advised and it is they who can have the most reduction and exemption. Here the site on family donations : https://www.economie.gouv.fr/cedef/fiscalite-dons-familiauxAnd now, unless I'm mistaken, since income tax has been deducted at source, taxes on rental income are paid in advance, based on the previous year's income: so if you didn't rent one year, the government will reimburse you the following year. (a way of generating cash flow for the tax authorities). In any case, in France, it seems to me that the government is raising taxes rather than cutting its own spending. 100,000 euros is a very small amount for a tax deduction, because real estate is more expensive in France. And such a deduction can be made once every 15 years. Russia has the simplest tax legislation for individuals, and the most uneducated citizen can understand it. This article contains very complex calculation rules that will most likely require the additional services of tax lawyers. I know that salaries are high in Europe, but I heard from people that up to half of their income is spent on taxes and insurance. |
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Mixer with KYC I think that customers will not use it. There is another practice when the mixer cooperates with AML services and before using the mixer, the AML service allows the use or writes that the coins have traces of a crime. But this did not help the BITZLATO exchange. True, a lot of people would not use a mixer that explicitly or found to be working with a government/somebody else that collects their data. They'd probably choose a coinjoin or another mixer asap. I've never heard about Bitlato exchange. How did they work as a mixer if they are an exchange, to begin with? A quick search seems to suggest that the founder basically run an unregistered service and facilitate money laundering practice for blacklisted business etc. CMIIW. read the news https://www.bbc.com/news/business-64322576__ Bitzlato was not an exchange, it was a large peer-to-peer exchange that had contracts with AML licensed services. But for some reason news sites do not write about this anywhere. They were not lucky because they are Russians, one founder was arrested in the USA, the second is now in Russia, but it is dangerous for him to leave the country. AML services do not give any guarantees, they charge a lot of money for services, but in the contract they write that they do not guarantee the result.. |
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Former Celsius CEO Alex Mashinsky reportedly arrested https://cointelegraph.com/news/celsius-ceo-alex-mashinsky-arrestedThere are a few topics about Celsius and this PoS but I think that if the reports are confirmed, we need a topic for the celebration The former CEO of now-bankrupt crypto lender Celsius, Alex Mashinsky, was reportedly arrested on the morning of July 13. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day.
The former CEO was reportedly arrested after a probe into the company’s collapse, reported Bloomberg citing people familiar with the matter. The US Department of Justice indicted Mashinsky on charges of fraud and intention to manipulate the market. Bloomberg source (might be paywalled) https://www.bloomberg.com/news/articles/2023-07-13/sec-files-lawsuit-against-celsius-network-alex-mashinskyNow, with a bit of luck, taking into account Celsius collapsed in June and FTX in November, then in a few months we might have another good piece of news. So Mashinsky down, Do Kwon arrested, SBF close to prison time, when CZ? All scammers! And to be honest, none of these people are in prison yet. Do Kwon and SBF are vacationing in good homes and if they start talking we will learn a lot of interesting facts about fraud and bribery, so these cases will last a very long time until they are forgotten. |
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Multichain stops working https://twitter.com/MultichainOrg/status/1679768407628185600"1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had been revoked. Furthermore, these MPC node servers, like all other ordinary servers, were actually running under Zhaojun's personal cloud server account. No member of the team has access to Zhaojun's personal cloud server account, so nobody can log on to these MPC servers. .." |
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Did Ripple and Brad Garlichouse save much of the projects in the cryptospace from uncle Gary? They won against lawsuit that the SEC started against them. XRP is now officially not a security. It also appears the Hinman documents has helped persuade the judge that XRP is not an illegal security which might make a precedent that many projects in the cryptospace accused of being illegal securities are not really securities hehehe. Ripple Labs notches landmark win in SEC case over XRP cryptocurrencySource https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/This is an excellent precedent, but it is too early to put an end to this matter. SEC leaves door open for appeal in Ripple case https://www.theblock.co/post/239537/sec-leaves-door-open-for-appeal-in-ripple-case"Following a partial defeat in its longstanding case against Ripple Labs over the company's sale of its native token XRP, a spokesperson for the Securities and Exchange Commission left the door open for a possible appeal of the decision." |
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Thank you, oh nagogs on real estate in France, you will run away. The article says:
"In all cases, you are exempt from capital gains tax on any property that you have owned for more than 22 years."
In Russia, this term is 3 years and it does not matter what kind of property you sell, the main one, where you live or the additional one, which you use or not.
It's not over: you are also taxed each time you donate (with exemptions and reductions...). A house passed down from generation to generation will be taxed and re-taxed, in addition to local taxes. But as they say at the WEF: "you will have nothing and you will be happy" Taxes and donations in France : https://www.service-public.fr/particuliers/vosdroits/F10203There is no inheritance tax in Russia, only a state duty of 0.3%, if the owner of the property gives it to a close relative during his lifetime, then there will be no taxes. 0.3% is paid not from the market value, but from the amount of expert assessment, which is underestimated to the maximum. In France, there are no such holes in the laws? |
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