Bitcoin Forum
May 14, 2024, 02:09:46 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Other > Beginners & Help > Is Bitcoin a currency or a commodity ?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Is Bitcoin a currency or a commodity ?  (Read 418 times)
tontonyaw (OP)
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
May 06, 2013, 08:06:37 AM
 #1
I live in France and I'm thinking of running a business around Bitcoins. The thing is there are regulatory constraints that have true impact on the way the business should be oriented. If Bitcoin is considered as a currency, then I would have to look towards banks. If it is considered as a commodity, then everything is possible... Thanks for your input.
1715695786
Hero Member
*
Offline Offline

Posts: 1715695786

View Profile Personal Message (Offline)

Ignore
1715695786
1715695786
Reply with quote  #2
1715695786
Report to moderator
1715695786
Hero Member
*
Offline Offline

Posts: 1715695786

View Profile Personal Message (Offline)

Ignore
1715695786
1715695786
Reply with quote  #2
1715695786
Report to moderator
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715695786
Hero Member
*
Offline Offline

Posts: 1715695786

View Profile Personal Message (Offline)

Ignore
1715695786
1715695786
Reply with quote  #2
1715695786
Report to moderator
1715695786
Hero Member
*
Offline Offline

Posts: 1715695786

View Profile Personal Message (Offline)

Ignore
1715695786
1715695786
Reply with quote  #2
1715695786
Report to moderator
teresa563
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
May 06, 2013, 08:30:23 AM
 #2
both of
TrainWrekdBarbie
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
May 06, 2013, 08:54:33 AM
 #3
yes both but perhaps not in a legal sense.
elg
Full Member
***
Offline Offline

Activity: 151
Merit: 104



View Profile WWW
May 06, 2013, 09:13:24 AM
 #4
i did some research on this question, and i think legaly BTC must be seen as a currency
but that's only my idea/understanding
you should consult a fiscal or accounting specialist
informatie
Pages: [1]
  Print  
Bitcoin Forum > Other > Beginners & Help > Is Bitcoin a currency or a commodity ?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!