Ronald AngSiy, Senior VP of Intellabridge Technology Corp, talks about new legislation that would classify cryptocurrencies as …
source
Bitcoin may be classified as a 'commodity': This is how your crypto will be taxed – Ronald AngSiy
Ronald AngSiy, Senior VP of Intellabridge Technology Corp, talks about new legislation that would classify cryptocurrencies as …
source
Could the “regulations” be fenced to only the U.S. or could this be a blueprint for the world?
Bit ponz scam tulip mania 2.0 digital illusions of wealth pushed by the system to make sure we are left holding a bag of nothing after the great reset
Somebody call my momma I tell her we gonna be rich in 2025🏋️♂️
If bitcoin is considered a commodity the u.s becomes the new Nazi Germany
Thank you
Kitco should change your name to Bitco.
Bitcoin is backed by the electricity cost to mine the next Bitcoin, like gold is backed by the diesel oil cost to mine the next ounce. They are both proof of work meaning nobody can decree them into existence.
XMR !
The guy speaking not David is talking about eth being a security. Crazy he doesn’t see eth had a coin offering
Great info, with another high level guest! Need to have Ron more often.
Yeah… let's eat bitcoin when we'll be hungry… and lets burn Ethereum in our cars to go places… so then we can call these blockchains "commodities" ! 🤦♂️
The same people that say men can get pregnant. YOU'RE FIRED!
Better ask Mark-kishon Christopher than this guy. 💎🖐
Howie test should be renamed…we should not use an outdated measure on much more advanced asset groups…while were at it…taxation is a wasted step…if we charged/deducted the irs for our time filing the b.sh.t taxes, it could reduce 50% of our taxes…
Taxation in the modern era serves only one function. Taxation is about preventing ordinary people from accumulating wealth. Though I'm not a fan of Bitcoin, I find the desperation to tax it to be absolutely putrid.
Btc is already a commodity
Two children pretending to be adults.
🌳 2010 The Dodd Frank Act and 111th United States Congress ⚖
Forward movement in protection of investments 🇺🇸
Somebody should go down to kitco Headquarters and rattle some heads. See if they can censor that
💥LINU ERC20💥
Considering Bitcoin a 'commodity' is like calling maggots food.
"Commodity"
"a raw material or primary agricultural product that can be bought and sold"
"a useful or valuable thing, such as water or time"
Commodity thus has to be TANGIBLE
Ron is awesome
Bitcoin is a digital platform for trading dollars. In other words it’s a dollar substitute. A utility that represents the dollar. Much like dollars were a substitute for gold. But dollars were not gold. Dollars were a representative of gold. So, with bitcoin essentially pegged to the dollar which is on its way out would also mean that bitcoin would be on its way out as well. Because bitcoin is only a representative and has no intrinsic value of its own to fall back to when the dollar dies. Bitcoin only works as a peg and is only as stable as the thing it’s pegged to. Which in this case is the dollar. If bitcoin were pegged to gold then I would say it has a much brighter future.
How can it be a commodity if you can't even touch . people wake up