Mike Norman Economics: Yves Smith — Bitcoin is Not a ...

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Yves here. I've heretofore avoided the topic of Bitcoin, since I recall the brief fad of the Second Life currency, which then flamed out impressively. And Bitcoin already has had the US Treasury clear its throat and say if market participants try exchanging Bitcoin for dollars, it takes a dim view of that. Recall that the IRS threatened to tax frequent flier miles, but later dropped that idea. By Yves Smith. Japan has just decided that Bitcoin is not a currency, which subjects it to sales and income taxes.This is consistent with the view of the Canadian Revenue Service, which has found Bitcoin to be property and not a legal currency, and the United Kingdom, which leaning towards treating Bitcoin as a voucher and subject to VAT. Peter Smith in London. November 22, 2017 Jump to comments section Print this page. A small Paris-based asset manager has launched Europe’s first bitcoin mutual fund in a move intended to draw ... Bitcoin Yahoo Article Crypto-friendly SEBA Bank has launched a new bitcoin structured product that allows investors to earn yield.The post. 14 Jun 2013. Yahoo, Bing Found Directing to Bitcoin Phishing Site. Share this article: 0. and Yahoo search results in hopes of duping users of the Bitcoin. 4 Jan 2018. The rollercoaster ride of the bitcoin price captivated . The fight against police ... The price of one bitcoin would necessarily be thrust up to x (a figure much higher than it is now). In those circumstances, would you look back and say Bitcoin was a bubble? Of course not. We know this because Bitcoin has been labelled a bubble at several of its previous all time highs — $33, $100, $1,200 etc. There were corrections, but no pops, and each time Bitcoin regathered and ...

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