I think that in the USA there are no longer any large crypto exchanges that can be fined a large amount. Coinbase has gotten rid of all major competitors and, thanks to the support of Blackrock and a good lobby, will occupy the bulk of the market. That’s why FTX in the USA still has problems
But it is possible that the USA or SEC fined other centralized exchanges out there as long as they have US citizens that register on the platform. Ex. I do believe there is a lot of people that have money or are registered on a platform like OKX or Bybit right? Yeah, most of the ETF applications right now including the BlackRock choose Coinbase as the main platform to deal with Bitcoin and the Ethereum, no space for others at least for now. I do not use KYC Level Exchanges. I use some of the exchanges on this list, but with great caution. https://web.archive.org/web/20231108171939/https://bitcointalk.org/index.php?topic=5461917.0Lawyers I know gave me several American exchanges that will also fight for a place in the sun. There is no room for FTX there. https://www.coincall.com/https://www.m2.com/The US market will be occupied by serious companies and not smart-ass businessmen from Asia. |
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Decentralized stablecoins are tied to centralized stablecoins through collateral, if you look at the experience of DAI.
Everyone is already used to USDT, so Exved did not reinvent the wheel. Then perhaps there will be settlements with some countries through the digital ruble, but its mass implementation is planned for 2025. So far there is either limited use or planned implementation in some organizations.
Exved cannot be blamed, of course, because they want their services to be global and therefore they are forced to use a stablecoin that bears a global character, and the easiest and best option at the present time is USDT. But here lies the problem, everyone is accustomed to USDT in the crypto community just as everyone was accustomed to using the dollar by all global banks and financial services before. This is what makes all of these services hostage in the hands of the United States. We see how the United States attacks these services and bans everyone who violates its policy. So I was wondering, since Exved is a Russian platform, why doesn't it benefit from the digital ruble, for example, or will this make their services limited to certain countries only? The digital ruble is still at the implementation stage and most entrepreneurs and companies do not have access to it. 2024 will be the year of introduction of the digital ruble, and mass application is planned for 2025. But these are all just plans. In Russia this may take several years. So for now the exchange is using what is available. |
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I would like to share my latest opinion on the spot ETF. The market is rising on anticipation of news about the adoption of a spot ETF, and I am selling bitcoins.
Although I myself wrote about the possible imminent adoption of a spot ETF, I do not believe that it will be resolved soon, although I do not rule out this possibility. When there is a lot of news about it, this is a signal for me to start selling. The reason why spot ETFs will not be allowed is because of the complete lack of regulation and many unresolved issues in this industry.
Although ETF supporters also have a strong lobby.
Nobody can predict the outcome of the spot Bitcoin ETF applications because the SEC has not issued any statement regarding these applications. The companies involved have also remained optimistic that it will be approved. I also share the same thoughts that the SEC will approve the ETF only when they have made robust policies to checkmate the sector. But it seems the SEC will approve it because they have been meeting these applicants seeking more clarification about how they intend to coordinate the ETF. Everyone has the right to decide how to control his Bitcoin holding, but, I am not selling any time soon. Even if the SEC fails to approve these ETFs which is quite unlikely, I also believe that the Bitcoin halving will also an impact on the price. Regarding the regulatory laws, the SEC has already made some laws to ensure the control of the ETF, and more laws will be made and implemented after the ETF is approved. The SEC doesn't need to make all the policies that will hide the ETF to approve it. More laws will be enacted after the takeoff of the spot ETF because experience is always the best teacher. It seems like you don't understand what the problem is. I agree with you that the spot ETF should be accepted, but one thing is that no one knows exactly who owns the majority of bitcoins. There is very little liquidity on the crypto market itself and it is provided by the same marker makers who monitor each other. If you have several million bitcoins, you will not be able to sell it at the current price. |
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Кампания [banned mixer] закрылась Учитывая новые правила, которые вступят в силу с 1 января, было принято решение прекратить кампанию на Bitcointalk, и оно вступает в силу после этого объявления. Вы можете удалить подписи. Если что-то изменится, руководство Tumbler надеется снова вернуться на этот форум.
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The U.S. government's claim for $24 billion in unpaid taxes from FTX has only one source – taking cash away from its victims, the bankrupt crypto exchange said in a court filing Sunday.
The filing disputed the amount claimed and also said there are no other sources of cash. Unless a judge rejects the Internal Revenue Service's demand, the victims of the FTX fraud will not get any meaningful recovery. The case is scheduled to be heard later Tuesday.
"This Alice in Wonderland argument has no support in the law," the filing said. "There is simply no basis to support the IRS’s meritless claims that the Debtors owe tax in an amount that is orders of magnitude greater than any income the Debtors ever earned and that would effectively prevent most of FTX’s creditors – themselves victims of fraud – from obtaining any meaningful recovery."https://www.coindesk.com/policy/2023/12/12/ftx-disputes-irss-alice-in-wonderland-tax-claim/ Initially, the amount was greater; 24 billion is a reduced amount. I can only comment on this news in a way that makes it clear to everyone. The US government tells the FTX exchange: “Let the creditors continue to wait for their payments. They invested and therefore assessed their risks, so they will remain unpaid. Pay the money to the US budget, it is needed there more.”  |
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I'm just curious and I don't think there is a tax on bitcoin in my country Indonesia but. It is just simple if you buy bitcoin and keep it on your hardware wallet and say you don't have one to the government I mean they don't have evidence if you have the bitcoin right ? Or you just simply buy ex. 2 Bitcoin and put them in a different wallet one with 0.5 BTC and the other is 1.5 BTC and you just said that you only have 0.5 BTC in this hardware wallet. . I mean its kinda legal right or I would say in the grey zone you still pay tax for your 0.5 BTC. In Russia, people say that you can't be half pregnant. You can declare any amount of cryptocurrency and keep most of it secret from everyone, but in the blockchain all transactions are visible. And if you ever make a mistake, you will pay a lot of fines or get jail time. I prefer to pay taxes on fiat received and not declare cryptocurrencies. It's safer in my country. |
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So basically kucoin doesn't have a license to operate in the US and agrees to pay I mean this is the fastest way when you dealing with the SEC right? I don't know what exchange gonna be hit next after Kucoin it just kinda crazy for an exchange to deal with Uncle SAM.
The best idea right now for all exchanges is to not accept US citizen until they have license to operate there.
I think that in the USA there are no longer any large crypto exchanges that can be fined a large amount. Coinbase has gotten rid of all major competitors and, thanks to the support of Blackrock and a good lobby, will occupy the bulk of the market. That’s why FTХ in the USA still has problems |
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if you really need the bitcoin I would suggest you withdraw it with regular bitcoin transactions like through legacy address and segwit address. and start moving your fund or keep it your fund that has access to lightning network withdrawal even tho that is in the EU region.
Besides that, I just did a quick Google search and didn't find that the EU is banning the Lightning Network.
In legal matters, you can only use Google to develop basic knowledge, unless you work in Europe. In the next few years, legislation will change greatly and you need to take data either from specialized systems for lawyers and accountants, or monitor competent lawyers. Articles in news publications are usually written to manipulate the opinion of the crowd. |
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The best solution is to have a decentralized stablecoins or one linked to a currency other than dollar.
Currently I don't see any stablecoins that are not tied to the dollar, so perhaps decentralized stablecoins are the only solution.
Decentralized stablecoins are tied to centralized stablecoins through collateral, if you look at the experience of DAI. Everyone is already used to USDT, so Exved did not reinvent the wheel. Then perhaps there will be settlements with some countries through the digital ruble, but its mass implementation is planned for 2025. So far there is either limited use or planned implementation in some organizations. |
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At this rate, in 5 years the whole world will be using stablecoins instead of payment systems.
I think stable coins are amazing for people who live in developing countries, where fiat is much worse than usd or euro. as you mentioned they are making "significantly easier for people and businesses to move, store and own " usd around the world. However, I don't see their adoption growing that fast in the past years. Credit cards are still the number one option for me when paying something with fiat currencies. A bank card is more convenient than cryptocurrencies, but banks are unreliable and many banks charge a percentage for storing assets. If you lock TRON for 400 dollars, you can get a good number of free transactions in this ecosystem or enjoy cheap commissions in Polygon. Once stablecoin transactions become nearly free, banks will no longer be needed for cross-border settlements. |
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https://finance.yahoo.com/news/coinbase-offer-spot-crypto-trading-130000876.html?"Coinbase to Offer Spot Crypto Trading Outside US in Global Expansion (Bloomberg) -- Coinbase Global Inc. is rolling out spot crypto trading on its international exchange as part of a global expansion, saying some users are wary of US venues due to the country’s uncertain regulatory backdrop." ___ Although Coinbase has unresolved issues with the SEC, with the right policies and lobbying these issues will be resolved. Their L2 Base solution will become a major platform for institutional investors. Everything is changing very quickly and a large volume of news about negotiations between large companies and SEC already suggests that the spot ETF may be accepted in the 1st quarter of 2024.
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https://invezz.com/news/2023/12/13/okx-dex-losses-370k-in-hack-users-assured-reimbursement/" OKX Dex has faced a suspected hacking incident, resulting in losses exceeding $370,000. OKX Dex swiftly responded to the breach by removing the compromised proxy address. OKX also deactivated the affected contracts and reassured users of asset safety. OKX‘s decentralized exchange and cross-chain bridge aggregator OKX Dex has fallen victim to a suspected hacking incident, resulting in losses exceeding $370,000. The breach raised alarms among users who noticed unauthorized transactions from wallets previously authorized on the platform. The hacker is said to have exploited the vulnerability in OKX Dex’s authorization process as users exchange their crypto assets."
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https://www.reuters.com/legal/crypto-exchange-kucoin-shut-new-york-pay-22-mln-settle-lawsuit-2023-12-12/"NEW YORK, Dec 12 (Reuters) - KuCoin, one of the world's largest cryptocurrency exchanges, has agreed to block New York users from its platform and pay $22 million to settle a lawsuit brought by the state as part of its push to rein in digital assets companies. Attorney General Letitia James sued Seychelles-based KuCoin in March, accusing the platform of failing to register with the state before letting investors buy and sell cryptocurrencies on its platform. "Crypto companies should understand that they must play by the same rules as other financial institutions," James said in a statement on Tuesday."
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https://www.circle.com/executiveinsights/latam-fintech-companies-embrace-digital-finance"Stablecoins and tokenized data on open blockchains are unleashing a new wave of global commerce, making it significantly easier for people and businesses to move, store and own value locally and around the world. Last year(2022), global stablecoin settlement exceeded $7 trillion compared to $14 trillion settled at Visa and Mastercard. Around the world, 1.7 billion people are underbanked, yet two-thirds of these people own a smartphone.4 Much as the original internet democratized access to information, public blockchains can turn these internet connected devices into compliant endpoints for both traditional finance and innovative new financial services that are completely disrupting traditional process and bureaucracy. " At this rate, in 5 years the whole world will be using stablecoins instead of payment systems.
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Я считаю что форуму биткойнталк нужно вообще запретить любые подписные кампании.
Понимаю что это сейчас будет не популярное мнение -
Потому что те люди, которые пришли на форум по модели "за деньги" - это бестолочи. Пять лет это доказало.
Админ! Давайте начинать обратный процесс - возврата форума к истокам. К узкой когорте технарей - мечтателей. Иначе боюсь что мы так базу потеряем...
Подписные дают активность и траффик для форума. Ил вы хотите сценарий альткоинтолк? Чтобы форум развивался, у него должна быть концепция развития. Если наезжают федералы, то нужно с этим тоже смирится. А если бегать из одной крайности в другую, то на форуме никого не останется. BlackHatCoiner покидает форум https://bitcointalk.org/index.php?topic=5476688.0 |
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I asked this on a judicial forum in the taxation segment. I asked if I was allowed to transfer my bitcoin holdings to a non EU family member to avoid heavy taxation. And that at that stage the coins are not withdrawn to a bank account.
She answered "Cashing out is not a requirement to have acquired the added value. Therefore you will have to pay taxes on this added value the moment you transfer the coins"
(...)
This doesn't even make sense. Cashing out may not be a requirement, but I don't understand where's the "added value" here. You're not gaining anything. Will YOU be required to pay tax if e.g. you gave your car to a family member? I wouldn't rely on any advice you get from any forum and just ask at the source. You must have some tax helpline that you could call anonymously to get a proper explanation. That's what I'm talking about. If you are involved in investments, then you need to study the legislation and communicate with like-minded people in order to understand how to protect your investments and not pay like a obedient sheep 50% of your profits and be proud that you are a conscientious citizen. |
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I never liked Ripple. On one hand I don't want to cheer for the SEC, but I also don't want to support centralized shitcoins that employ trolls who wipe their butts with Satoshi, liberties, and attack Bitcoin with FUD campaigns. Here's an article if you don't know what I'm talking about. https://www.coindesk.com/tech/2022/03/29/bitcoiners-scoff-at-chris-larsens-5m-campaign-to-force-a-btc-code-change/So, you either are a bitcoiner, or a shitcoiner. You can't support both because XRP is trying to undermine bitcoin with FUD, so these people are trying to make your savings worth less. I believe that XRP is a security and therefore isn't equal to bitcoin. If it loses this case I won't cry for Garlinghouse and his team. It doesn’t matter what Ripple is. This team deserves great respect that they were able to give a good slap in the face to the SEC, although previously the SEC was considered an invincible organization and everyone was afraid to sue it. We won't know how much stress this cost the team, but I respect them for that. As for the coin, this is a personal question for investment. |
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