“…Every Major Investment Bank Will Own Bitcoin or Something Like It,” Legendary Investor Bill Miller.

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Timestamp:
0:00 – Intro (Watch The Whole Video)
1:11 – Bill Miller says, “Buy Bitcoin.”
1:58 – CNBC Goes Over Reasons To Be Bullish On Bitcoin
3:27 – My Thoughts
4:28 – Bill Miller’s Supply vs Demand Theory Explained
5:25 – I’m Bullish On Altcoin This Cycle
7:10 – President Elect Joe Biden Bring To Bring On HUGE Bitcoin Bull.
9:28 – Another A-List Rapper Buys Bitcoin (Logic Tweet)
9:55 End

**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!

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Most of my crypto portfolio is Bitcoin, but I hold many cryptocurrencies, possibly ones discussed in this video.

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Major South Korean cryptocurrency exchange Bithumb has decided to litigate a near $69 million (80 billion won) tax bill levied by the National Tax Service (NTS). According to a report published by The Korea Times on Jan. 16, Bithumb filed a complaint with the NTS, suggesting that the imposed tax bill is groundless given that cryptocurrency is not a legally recognized currency. The South Korean tax tribunal now has to decide whether to grant or dismiss the exchange’s motion within 90 days. NTS imposed a retention tax — an income tax paid to the government by the payer of the income instead of its recipient — which is often withheld or deducted from income in most jurisdictions, according to The Korea Times. As a consequence, Bithumb is expected to pay the bill before giving the remaining income to its customers. An exchange official commented:“We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.”The NTS has claimed that gains withdrawn from accounts held by foreigners are taxable income, and therefore it has a right to impose such a tax. Choi Hwoa-in, an adviser to Financial Supervisory Service reiterated Bithumb’s stance that tax law as it currently stands is not applicable to cryptocurrencies: “Bitcoin under the current law is not an asset. It is clear and simple. . The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.”According to The Korea Times, Choi said that the current case with Bithumb could be a ploy by the NTS to establish grounds for taxing what were previously tax-free gains. She added that, as cryptocurrency trading has grown more common in South Korea, regulators have now likely come to view the subsequent gains as a new source of taxable income. Earlier this month, Cointelegraph reported that a more robust tax framework for cryptocurrencies is currently in the works in South Korea. Indeed, the Ministry of Strategy and Finance has confirmed that it will levy taxes on virtual assets through a tax code revision bill in the future, as imposing income taxes on crypto under current law is not possible:”In the case of a corporation’s virtual currency transaction, all transactions that increase the entity’s net assets are subject to taxation under the current law, so it is taxable, but it is practically impossible to produce tax revenue results by distinguishing only virtual currency transactions.”The nascent nature of digital assets has put many cryptocurrency investors at odds with tax regulators in their respective jurisdictions, as many agencies have failed to issue sufficient or any guidance regarding tax schemes for cryptocurrencies. Furthermore, failure to comply with these labyrinthine and murky tax policies can mean heavy fines for crypto investors. American holders who fail to properly report their crypto earnings and investments could face large penalties and even potential criminal investigation.

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/bithumb-cryptocurrency-exchange-goes-to-court-over-69m-tax-bill

#tax #cryptocompare #bitcoinetfnews #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill: https://www.youtube.com/watch?v=O1eCnkBmvXg

MoneyLab: Coining Alternatives
Session 1: Monetization of everything

Bill Maurer (US): Closed Loops and Private Gateways: Money, Technology and the Public Interest in Payment
Conference Day 1 (21 March 2014)

From ancient tallies to coins, cards, and now mobile devices, money has always been a matter of technology interfacing with law, with rights and corresponding remedies embedded in institutional arrangements, and with the material form of money and/or its accounts-keeping. A ‘Cambrian explosion in payments’ is currently taking place – a profusion of business experiments with new technologies for the systems that people use every day in physical and online spaces to buy things. It is raising anew questions about the role of the state and public institutions in warranting the clearance, settlement, and safety of retail payments, as well as, more profoundly, the role of the state in warranting money itself. That this Cambrian explosion comes on the heels of the global financial crisis is no coincidence: the financial crisis put the wind back in the sails of alternative currency proponents, ‘sound money’ advocates and gold bugs, as well as others interested in challenging the state’s monopoly over money. How can we understand the public function of payment as a kind of utility in our digital and data-saturated world, especially as ‘big data’ leads many corporate actors to seek to commodify behaviour and activity in a new way, simultaneously creating and enclosing new commons?

Good News for Indians – Crpytocurrency banning bill in Loksabha | क्या क्रिप्टो बैन हो जायेगा?
Hi
Friends is video me apko Indian Govt. ke dwara 17th Loksabha ke 2nd session me bill ki list bhej di gyi hai jisme 27 bills hai or inme koi b bill Crypto ban ko lekar nahi hai | May be “Bitcoin India me kabhi BAN hi naho”

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Legal Disclaimer: I am not a financial advisor nor is any content in this video presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it’s not advice nor recommendation to either buy or sell anything! It’s only meant for use as informative or entertainment purposes. #Bitcoin#Litecoin#Crypto

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All Eyes on BTC!
Bloomberg’s Bitcoin Buy Signal
Binance KYC Hack or Cover-up?
Global Economy Crumbling (Good For Crypto)
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Should Ripple Burn 50% of the XRP supply?
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**DISCLAIMER**- I am not a financial adviser nor am I giving financial advice. I am sharing my opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

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Last month, there were reports that the government of India is preparing a bill to ban cryptocurrencies in India. Our friends at Coin Crunch India had submitted an RTI application to the Department of Economic asking for more information regarding the proposed bill. However, the government department rejected the query citing that this information is going to be made public soon. How does this impact the possibility of a cryptocurrency ban in India? We try and examine in this video.

Image credit: https://www.quoteinspector.com/images/bitcoin/bitcoin-blockchain-swirl/

References:

Bitcoin Ban in India: Government Body Refuses to Answer Queries on Reported Bill: https://coincrunch.in/2019/05/23/bitcoin-ban-in-india-government-body-refuses-to-answer-queries-on-reported-bill/

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After sorting through maybe 100 news stories I have boiled it down to the 3 that I think are most relevant for crypto investors today. The New York AG has a dispute with Bitfinex and Tether, India have a draft bill to completely ban crypto (which I have an alternative to) and MakerDAO is experiencing some instability within the foundation.

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SEC BILL: https://www.coindesk.com/facebook-is-working-on-its-own-stablecoin-for-money-transfers-report

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Disclaimer: This video represents my personal opinion that are for educational purposes only and do not necessarily constitute facts in any way. Therefore no posts represent investment advice. Trade and Invest at your own risk.

Hodler’s Digest Oct 1-7
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Bill Clinton talks crypto at the Ripple’s conference, Bank of America sees a $7 billion future for blockchain, Wall Street Journal gets in and out of crypto, Brexit, Petro, and Shapeshift’s Erik Vorhees vs WSJ.

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Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.

Brexit, Bill Clinton & Blockchain | Hodler’s Digest

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