2 ms·
Your cryptocurrency is a security. That means you could go to jail over wash trading.
by atomical 9y ago
Your cryptocurrency is a security. That means you could go to jail over wash trading.
- ucaetano 9y agoNot sure if joking or...
- atomical 9y agoWhy shouldn't we follow the example to its logical conclusion? He's clearing trying to demonstrate that it's the wild west. It's really only the wild west until the SEC starts to enforce existing laws.
- ucaetano 9y agoAfaik wash trades aren't illegal, you just can't use the losses to lower your taxes. So nothing wrong with my trades.
- thatoneyouthrow 9y agoThey are illegal. https://definitions.uslegal.com/w/wash-trading/ https://definitions.uslegal.com/w/wash-trading/
- ucaetano 9y agoOh, forgot to say, I'm not based in the US. Not sure if you know, but there are other countries out there...
- deleted 9y ago[deleted]