Altcoins News
By Maheen Hernandez
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When talking about Vitalik Buterin’s unsolicited funds and donation matter, Charles Hoskinson recently tweeted: “But doesn't donating a billion dollars of an asset mean you…
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Charles’s Video in this regard points to how:
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“This is especially true for proponents of wealth tax. So, if you have more than 50 million dollars of assets or 100 million dollars of assets, you should pay 5% of your…
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Well, technically, one could have hypothetically hundreds and millions and billions of dollars' worth in crypto, but let us see that crypto has no liquidity.
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Arguments especially for people who hold illiquid securities, but cryptocurrencies are not generally treated as securities for tax purposes.
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If a tax lawyer from Canadian or US jurisdiction could comment on this, I am really curious to see how it works in that system.
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And, in general, has this actually ever come up before. It is such a large amount of money; it is something that a tax authorities has to try to care about "over a billion…
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Onlookers felt: This is a very interesting legal study that will prompt discussion and why regulation is a good thing in sparing amounts.
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Others about the Vitalik matter stated, surely, if someone forces money on to you, it's not the same as you receiving money.
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One of the lawyers tweeted: “4 tax classes and some experience with complex returns. Gifts can be rejected by recipients.
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Perhaps, this implies that Vitalik Accepted the unsolicited funds by his implied activity.
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May be Vitalik could have chosen to decline the gift and purposely destroy the cryptocurrency by sending it to an incorrect wallet address.
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It looks like people are going to create more of such coins and dump the burden on him.
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