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The official narrative in the UK is "don't invest your money in cryptos, you are going to lose it all". However, if you happen to have cryptos you must declare
by torcete 5y ago
The official narrative in the UK is "don't invest your money in cryptos, you are going to lose it all". However, if you happen to have cryptos you must declare them!
I wonder if the dutch government bans Bitcoin, that means that there is no need to declare anything. After all, it doesn't fulfill any function as money, means of payment or store of value.
- mumblemumble 5y agoI think technically the government probably does still want you to openly confess your crimes, financial or otherwise. That doesn't mean anyone expects it to actually happen, of course.
- tw04 5y agoThat logic makes absolutely no sense. Just because something is illegal doesn't mean it has no value. Selling drugs is illegal in most countries. Drugs are still a store of value in those countries and most of them require you to pay taxes on gains from selling or trading them.
- torcete 5y agoI must admit that I found that difficult to believe, but you are right. One of many links I found with a google search: https://money.cnn.com/2013/02/28/news/economy/illegal-income-tax/index.html https://money.cnn.com/2013/02/28/news/economy/illegal-income...