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Replying to Avatar Jack Spirko

What would be the outcome of this potential bitcoin policy from the dot gov?

The government says yes it is money, if you spend it there is no tax, but if you trade it for fiat it is taxed like forex exchange?

This is a topic of discussion not me advocating ANYTHING!

GO!

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Out2Lunch 1y ago

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A bunch of bitcoin to fiat exchanges will pop up, charging fees to convert your btc to fiat

Incentivise people not to trade their btc for fiat - because who likes paying taxes...

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