EU to regulate bitcoin

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  • onwebcam
    Fake Nick 1.0
    • Oct 2005
    • 27689

    #1

    EU to regulate bitcoin

    Treasury crackdown on Bitcoin over concerns it is used to launder money and dodge tax
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  • Paul&John
    Confirmed User
    • Aug 2005
    • 8617

    #2
    Many/most exchanges already want you to submit some ID if trading crypto for fiat (usd/eur etc) currency, however there is no chance they can regulate exchanges made by regular people.
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    • NatalieK
      Natalie K
      • Apr 2010
      • 19827

      #3
      dodge tax, launder money...


      wtf
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      • MaDalton
        I am Amazing Content!
        • Feb 2004
        • 39861

        #4
        because nobody is avoiding taxes and laundering money now
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        • MiamiBoyz
          fgfdftre6
          • Oct 2012
          • 6688

          #5
          Those in power will always find a way to steal from others...they are professional thieves after all.

          Comment

          • ~Ray
            visit hardlinks.org
            • Jun 2003
            • 18361

            #6
            Interesting turn of events.

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            • CAHEK
              C.C.C.P.
              • Aug 2003
              • 7420

              #7
              its about time

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              • Klen
                • Aug 2006
                • 32234

                #8
                That is one of things what worries with crypto currency generaly. The thing is , in order to make money on longterm, you need to keep it, but goverment could see it as tax evasion while in reality you just try to make as much is possible money by waiting on cashout.

                Comment

                • baddog
                  So Fucking Banned
                  • Apr 2001
                  • 107089

                  #9
                  Originally posted by StefanG
                  because nobody is avoiding taxes and laundering money now
                  So give them another way to do it?

                  Comment

                  • MaDalton
                    I am Amazing Content!
                    • Feb 2004
                    • 39861

                    #10
                    Originally posted by baddog
                    So give them another way to do it?
                    so when it's about weapons, then it's not the weapon but the person who uses it?

                    but when it comes to money laundering and tax evasion it's the currency but not the person who does it?

                    take Bitcoin away = no money laundering and tax evasion?

                    ok - then: take weapons away and no murder, right?

                    or is the Bitcoin the AR15 of currencies?


                    On a serious note (as if you cared): My Bitcoin exchange provides statements that i can use to file taxes and according to local laws i pay tax on capital gains if i sell in less than 5 years after purchase. And they have my ID docs and address.

                    So at the end it is up to anyone to follow the laws and pay taxes where applicable

                    And I think we can all agree that banks are only shitting their pants about losing business and therefore fight crypto currencies wherever they can
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                    • Google Expert
                      Webmaster
                      • Jun 2004
                      • 14294

                      #11
                      Jew bankers are butthurt that goys are going to ditch their monetary system and break free form their anal slavery, so they're trying to stop crypto from taking over

                      That's a sign that crypto is a pretty serious tech.

                      Comment

                      • nico-t
                        emperor of my world
                        • Aug 2004
                        • 29901

                        #12
                        Another EU dictatorship success story.

                        Comment

                        • Google Expert
                          Webmaster
                          • Jun 2004
                          • 14294

                          #13
                          Originally posted by baddog
                          So give them another way to do it?
                          ((((THEY)))) are protecting their racket.

                          it's just as bad, if not worse

                          Comment

                          • Tasty1
                            Bla bla blaa
                            • Jan 2005
                            • 9529

                            #14
                            Originally posted by StefanG
                            On a serious note (as if you cared): My Bitcoin exchange provides statements that i can use to file taxes and according to local laws i pay tax on capital gains if i sell in less than 5 years after purchase. And they have my ID docs and address.

                            So at the end it is up to anyone to follow the laws and pay taxes where applicable

                            And I think we can all agree that banks are only shitting their pants about losing business and therefore fight crypto currencies wherever they can
                            That is why people now moving. Why would you pay capital gains on bitcoin? If i buy USD's and they become worth more i don't have to pay tax on that. Sweden also taxes bitcoins and people with a lot of bitcoins will leave.

                            In Holland they just see it as capital. If you have more than 20.000 euro capital (house/stocks/cash), you pay 0,7 - 1,2% on the amount you have above 20.000 euro. They don't look if and how much money you made from it.

                            How high are the taxes on capital gains in Germany or Czech republic?

                            everything is fake

                            Comment

                            • klinton
                              So Fucking Banned
                              • Apr 2003
                              • 8766

                              #15
                              Originally posted by Bjorn_Tasty1
                              How high are the taxes on capital gains in Germany or Czech republic?
                              Capital Gains Tax Europe - Accountancy in Europe

                              Comment

                              • adultchatpay
                                Let's Make Money
                                • Dec 2008
                                • 8775

                                #16
                                Bitcoin is used to launder money, transact illegal drugs and buy weapons in the first place.

                                Comment

                                • money biz
                                  Confirmed User
                                  • Jan 2003
                                  • 1018

                                  #17
                                  If they actually implement something it's going to be a mass awakening more detrimental then btc it's self.

                                  Comment

                                  • thommy
                                    Confirmed User
                                    • Jun 2003
                                    • 5469

                                    #18
                                    Originally posted by adultchatpay
                                    Bitcoin is used to launder money, transact illegal drugs and buy weapons in the first place.
                                    what most of these bitcoin loving guys forget is that the bitcoin have an exchange rate.

                                    if you destroy the existing currencies what is the exchange rate then?

                                    11.000 to what?
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                                    • bns666
                                      Confirmed Fetishist
                                      • Mar 2005
                                      • 11549

                                      #19
                                      Originally posted by StefanG
                                      because nobody is avoiding taxes and laundering money now
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                                      • pimpmaster9000
                                        Too lazy to set a custom title
                                        • Dec 2011
                                        • 26730

                                        #20
                                        well if you want to use fiat you have to obey the laws of people who issue the fiat...nothing is stopping you from bartering 100 chickens for bitcoin...

                                        as for tax evasion it is almost as perfect as my greenhouses LOL...in my country the law says it is not taxable because selling something (a couch, a tv or a steam account) is not profit so it is not taxable...I would have to pay like %5 to launder as much offshore money as I want by buying BTC or some other shit coin and just selling it to a domestic exchanger in return for local currency to my bank account...fucking perfect...it circumvents all tax laws in my country for money coming from abroad and I have the perfect cover by getting a domestic transfer to my local account...
                                        Report a suspicious cracker: Click Here

                                        Comment

                                        • Google Expert
                                          Webmaster
                                          • Jun 2004
                                          • 14294

                                          #21
                                          Originally posted by adultchatpay
                                          Bitcoin is used to launder money, transact illegal drugs and buy weapons in the first place.
                                          US Dollars are used to launder money, transact illegal drugs and buy weapons in the first place.

                                          See what i did there?

                                          Comment

                                          • Paul Markham
                                            Too old to care
                                            • Jun 2001
                                            • 52942

                                            #22
                                            The problem is how do they acquire the info to regulate it?



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                                            • pimpmaster9000
                                              Too lazy to set a custom title
                                              • Dec 2011
                                              • 26730

                                              #23
                                              Originally posted by Paul Markham
                                              The problem is how do they acquire the info to regulate it?
                                              they do not want to regulate bitcoin at all...they want to regulate anything that has anything to do with fiat being exchanged in to and out of shitcoins...

                                              you can exchange 1000 fart-in-a-jar coins for 1000 shit-on-a-sidewalk coins all you like but the moment you want to use fiat in any way you have to comply with what ever regulation the issuers of the fiat impose on you...

                                              they will make all exchangers comply and localbitcoin.com will become local-sting-coin.com...
                                              Report a suspicious cracker: Click Here

                                              Comment

                                              • thommy
                                                Confirmed User
                                                • Jun 2003
                                                • 5469

                                                #24
                                                Originally posted by crucifissio
                                                they do not want to regulate bitcoin at all...they want to regulate anything that has anything to do with fiat being exchanged in to and out of shitcoins...

                                                you can exchange 1000 fart-in-a-jar coins for 1000 shit-on-a-sidewalk coins all you like but the moment you want to use fiat in any way you have to comply with what ever regulation the issuers of the fiat impose on you...

                                                they will make all exchangers comply and localbitcoin.com will become local-sting-coin.com...
                                                the point is - as soon it is also regulated and not anonyme anymore THAN you can see the real value it has.

                                                i assume that 99% of all that bitcoin buys are from black biz because it is a good way to wash money. this ammount of money what made it exploding can not come from regular sources.

                                                as soon this possibility is gone they do not have a reason to buy cryptos anymore and than they will hurry to take the wins out and go.
                                                and then you see the same downward curve - just faster.
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                                                Comment

                                                • nico-t
                                                  emperor of my world
                                                  • Aug 2004
                                                  • 29901

                                                  #25
                                                  Originally posted by thommy
                                                  the point is - as soon it is also regulated and not anonyme anymore THAN you can see the real value it has.

                                                  i assume that 99% of all that bitcoin buys are from black biz because it is a good way to wash money. this ammount of money what made it exploding can not come from regular sources.

                                                  as soon this possibility is gone they do not have a reason to buy cryptos anymore and than they will hurry to take the wins out and go.
                                                  and then you see the same downward curve - just faster.
                                                  holy shit you're clueless

                                                  Comment

                                                  • Bladewire
                                                    StraightBro
                                                    • Aug 2003
                                                    • 56220

                                                    #26
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                                                    • pimpmaster9000
                                                      Too lazy to set a custom title
                                                      • Dec 2011
                                                      • 26730

                                                      #27
                                                      Originally posted by nico-t
                                                      holy shit you're clueless
                                                      considering that 95% of all the bitcoin volume was from 3 china exchangers I find it extremely hard to believe that the money was not underground money...the USA/EU is just a tiny tiny part of bitcoin...
                                                      Report a suspicious cracker: Click Here

                                                      Comment

                                                      • JFK
                                                        FUBAR the ORIGINATOR
                                                        • Jan 2002
                                                        • 67369

                                                        #28
                                                        Originally posted by StefanG
                                                        because nobody is avoiding taxes and laundering money now
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                                                        • DraX
                                                          Confirmed User
                                                          • Oct 2002
                                                          • 7147

                                                          #29
                                                          Originally posted by thommy
                                                          what most of these bitcoin loving guys forget is that the bitcoin have an exchange rate.

                                                          if you destroy the existing currencies what is the exchange rate then?

                                                          11.000 to what?
                                                          I'm sure you would trade 1 btc for a couple of bananas, cause of brexit great britain won't be able to import any. Therefor bananas will be worth PURE gold...
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