5 ms·
I bet the russia part is to avoid US taxation policies on crypto, which, if i'm not mistaken, would make BK liable for paying taxes on "income" for the dollar-v
by elif 9y ago
I bet the russia part is to avoid US taxation policies on crypto, which, if i'm not mistaken, would make BK liable for paying taxes on "income" for the dollar-value of their own coins "created" at the time of pre-mine, or require them to know the financial details of someone using them to buy a whopper in NY due to bitlicense anti-laundering laws.
corporations have been doing equivalent gift card/promo "pseudo-currency" stuff for a long time, and a bad court decision over this could upend that entire practice.
maybe this is a harbinger of the US being left behind in an economic paradigm shift.