Buying property with crypto

[Bushdark]

Unfortunately, it's illegal to buy property in the EU with BTC. To those who are not familiar with this business, it's also illegal to pay in a foreign currency like the US dollar, or to pay cash save in one country.  Even if the buyer accepts BTC, the transaction must be in the currency which is legal tender in the country, and the price shall be written in the contract. Sorry, but there's no choice.

Good to know how it's done in EU. But this cannot be taken as standards for othe countries. In my country bitcoin is not a legal tender but people still trade it. But I also thin there might be problems in reconciling the price to fiat for documentation. This is actually a problem easy to solve, just convert your btc to fiat and buy your property.

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.

[1715074882]

1715074882

[zasad@]

Unfortunately, it's illegal to buy property in the EU with BTC. To those who are not familiar with this business, it's also illegal to pay in a foreign currency like the US dollar, or to pay cash save in one country.  Even if the buyer accepts BTC, the transaction must be in the currency which is legal tender in the country, and the price shall be written in the contract. Sorry, but there's no choice.

Good to know how it's done in EU. But this cannot be taken as standards for othe countries. In my country bitcoin is not a legal tender but people still trade it. But I also thin there might be problems in reconciling the price to fiat for documentation. This is actually a problem easy to solve, just convert your btc to fiat and buy your property.

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.

[Becassine]

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.

The problem to find a notary and a lawyer is not much of a hassle but the problem will be to find a customer who will be willing to accept crypto in order to sell the house. Usually, people will hesitate to receive payments in cryptocurrency as they believe that due to the highly volatile nature of crypto, the price may dump and causes an instant loss.

Secondly, these crypto transactions can only be executed publicly in a country where crypto is legal and the government has no objection to transacting publicly in cryptocurrencies.

As far as the tax is concerned, the parties will have to pay the taxes, either way, whether those choose fiat to execute this deal or use bitcoin/crypto.

Loss when the price of cryptocurrencies decreases is not the main reason. For example, I would sell real estate for cryptocurrency without any problems, because I don’t want to deal with banks, and a cash transaction is not safe.
But the seller of real estate has another problem in the form of a tax declaration of cryptocurrencies later. Money in a bank account from the sale of real estate should not be subject to additional taxes.
If anyone knows, tell me what is the tax deduction for the sale of real estate in France?

Capital gains tax depends on several factors:

- Is it a principal residence or not?
- Number of years held.
- Amount of capital gain

Etc ....

And there are exemptions too, all explained on the french tax site => https://www.service-public.fr/particuliers/vosdroits/F10864

[zasad@]

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.

The problem to find a notary and a lawyer is not much of a hassle but the problem will be to find a customer who will be willing to accept crypto in order to sell the house. Usually, people will hesitate to receive payments in cryptocurrency as they believe that due to the highly volatile nature of crypto, the price may dump and causes an instant loss.

Secondly, these crypto transactions can only be executed publicly in a country where crypto is legal and the government has no objection to transacting publicly in cryptocurrencies.

As far as the tax is concerned, the parties will have to pay the taxes, either way, whether those choose fiat to execute this deal or use bitcoin/crypto.

Loss when the price of cryptocurrencies decreases is not the main reason. For example, I would sell real estate for cryptocurrency without any problems, because I don’t want to deal with banks, and a cash transaction is not safe.
But the seller of real estate has another problem in the form of a tax declaration of cryptocurrencies later. Money in a bank account from the sale of real estate should not be subject to additional taxes.
If anyone knows, tell me what is the tax deduction for the sale of real estate in France?

Capital gains tax depends on several factors:

- Is it a principal residence or not?
- Number of years held.
- Amount of capital gain

Etc ....

And there are exemptions too, all explained on the french tax site => https://www.service-public.fr/particuliers/vosdroits/F10864

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.

[Becassine]

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/F10203

[zasad@]

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/F10203

There 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?

[Becassine]

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/F10203

There 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-familiaux

And 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.

[zasad@]

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/F10203

There 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-familiaux

And 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.

[Becassine]

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 ...

[zasad@]

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?

[Bushdark]

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.

[Becassine]

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.

[zasad@]

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.

[Zoomic]

Unfortunately, it's illegal to buy property in the EU with BTC. To those who are not familiar with this business, it's also illegal to pay in a foreign currency like the US dollar, or to pay cash save in one country.  Even if the buyer accepts BTC, the transaction must be in the currency which is legal tender in the country, and the price shall be written in the contract. Sorry, but there's no choice.

Good to know how it's done in EU. But this cannot be taken as standards for othe countries. In my country bitcoin is not a legal tender but people still trade it. But I also thin there might be problems in reconciling the price to fiat for documentation. This is actually a problem easy to solve, just convert your btc to fiat and buy your property.

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.

Every country's government is very careful about bitcoin and cryptocurrency. This is because there are so many opportunities in the crypto to cheat government, to fraud, steal and lots more. This crimes differ from country to country and that is why laws and regulations about cryptocurrency is not universal.

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.

On the contrary, the vision of Satoshi is not to make bitcoin a general currency according to you. His goal was to create a decentralized currency which will serve as a alternative to the centralized fiat system. Counting my this, Satoshi's goal has been met and even exceeded.

[zasad@]

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.

On the contrary, the vision of Satoshi is not to make bitcoin a general currency according to you. His goal was to create a decentralized currency which will serve as a alternative to the centralized fiat system. Counting my this, Satoshi's goal has been met and even exceeded.

I agree with you, but it is still too early to talk about achieving the goal, because digital currencies are launched almost simultaneously in all countries, and after testing them, there are so many risks that Bitcoin and similar cryptocurrencies can be banned because they interfere with digital slavery.

[Zoomic]

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.

On the contrary, the vision of Satoshi is not to make bitcoin a general currency according to you. His goal was to create a decentralized currency which will serve as a alternative to the centralized fiat system. Counting my this, Satoshi's goal has been met and even exceeded.

I agree with you, but it is still too early to talk about achieving the goal, because digital currencies are launched almost simultaneously in all countries, and after testing them, there are so many risks that Bitcoin and similar cryptocurrencies can be banned because they interfere with digital slavery.

You are correct and that also is my fear. But then, even if there is massive banning of all the cryptocurrency that interfer in the digital slavery agenda, the level of decentralization will tend to immune bitcoin and be the sole factor that will finally differential bitcoin and other cryptocurrencies on the alter of banishment.

[zasad@]

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.

On the contrary, the vision of Satoshi is not to make bitcoin a general currency according to you. His goal was to create a decentralized currency which will serve as a alternative to the centralized fiat system. Counting my this, Satoshi's goal has been met and even exceeded.

I agree with you, but it is still too early to talk about achieving the goal, because digital currencies are launched almost simultaneously in all countries, and after testing them, there are so many risks that Bitcoin and similar cryptocurrencies can be banned because they interfere with digital slavery.

You are correct and that also is my fear. But then, even if there is massive banning of all the cryptocurrency that interfer in the digital slavery agenda, the level of decentralization will tend to immune bitcoin and be the sole factor that will finally differential bitcoin and other cryptocurrencies on the alter of banishment.

Not all coins will be banned. Ethereum and its competitors will be used to tokenize assets, and it may be easier to buy real estate in the future.
https://www.theblock.co/post/241382/securitize-launches-tokenized-security-in-europe
"Securitize, a blockchain firm specializing in the tokenization of real-world assets, has started issuing tokenized securities in Europe that represent equity in the Spanish real estate investment trust Mancipi Partners.
The shares will be tokenized on the Avalanche blockchain, and secondary trading is set to begin in September. "

[joniboini]

Ethereum and its competitors will be used to tokenize assets, and it may be easier to buy real estate in the future."

This reminds me of some altcoin projects I've followed in the past. They do similar things but in the end, failed. Some of them even run away and scam their users. Not really sure how to feel about tokenized assets, especially if most of them are overseas. Most smart contracts are hard to understand/verify and prone to hack too. I'd rather not buy them and stick with buying Bitcoin if an investment is my goal.

[zasad@]

Ethereum and its competitors will be used to tokenize assets, and it may be easier to buy real estate in the future."

This reminds me of some altcoin projects I've followed in the past. They do similar things but in the end, failed. Some of them even run away and scam their users. Not really sure how to feel about tokenized assets, especially if most of them are overseas. Most smart contracts are hard to understand/verify and prone to hack too. I'd rather not buy them and stick with buying Bitcoin if an investment is my goal.

Here the problem is more in the legislation, and if something is tokenized, then most likely there will be additional protection methods that will not allow selling tokens from any wallet. Trading can be decentralized, but for this you will need to be registered on a centralized service.
And there are always risks in investing, but simple exchange smart contracts are difficult to hack.

[joniboini]

Here the problem is more in the legislation, and if something is tokenized, then most likely there will be additional protection methods that will not allow selling tokens from any wallet.

I do recall one of the projects asked me to fill out a KYC form and provide an ID plus wallet address to claim the tokenized assets. If you don't live in the US or Europe it is difficult to claim the tokens, and you literally have no one to rely on if you want to file a claim against them if your country doesn't even allow tokens and stuff like that. I don't think this thing will become mainstream in the near future for countries in Asia.