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You've just deferred going to the bank and filling in that form to a later date. ...but now you're exposed to massive volatility, regulatory uncertainty, proba
by nly 5y ago
You've just deferred going to the bank and filling in that form to a later date.
...but now you're exposed to massive volatility, regulatory uncertainty, probably capital gains tax on the upside, the risk of having to work through yet another third-party (an exchange), and your tax affairs are likely more complicated
- puranjay 5y agoAll true. But it also shows how complicated and slow the traditional method can be, especially for international wire transfers. BTC might not be the final solution, but that doesn’t mean the problem doesn’t exist.