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Author Topic: Do I really have to pay taxes on crypto investments?  (Read 2423 times)
altcoinman
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June 18, 2020, 01:11:40 PM
 #701

Im not a supporter or opponent of digital money, but the white paper of bitcoin seems extremely thoughtful. the only thing that holds it down is that crypto often used for illegal purposes. most often laundering.

Typically, traditional money is also used in such transactions.
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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rnold142
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June 18, 2020, 01:17:01 PM
 #702

Im not a supporter or opponent of digital money, but the white paper of bitcoin seems extremely thoughtful. the only thing that holds it down is that crypto often used for illegal purposes. most often laundering.

Typically, traditional money is also used in such transactions.
but it takes a lot of effort to ensure that this money can then be used for legitimate purposes. cryptocurrencies like came to the rescue here.
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June 18, 2020, 01:20:07 PM
 #703

cryptocurrencies are finding their niche because using cash is becoming increasingly difficult. However, this does not mean that digital money will ever be able to replace traditional ones and become a full-fledged means of payment.

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