In addition to: Australia’s tax office may not like this bitcoin decision
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General Motors. We chose the best stories, ran them through a juice, and created juice with a daily context dose.
🇦🇺 Will the encryption be exempt from taxes in Australia?
🏦 JPMorgan may provide customers with access to Bitcoin’s investment funds.
🍋 Drops News: SEC plays Jenga, the South Korean actress who uses the company’s money to buy Crypto + more
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🍍 Market flavor today
We went back green after a red day yesterday – Basically, we are still bound in the usual rotation, and it seems that the bulls are now enjoying:
BitFinex analysts Trust this Bitcoin It appears a real structure. This is what they see:
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The immediate demand is still strongThis means that people Really buy BTC, not just betting with leverage = more committed market;
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His primary work has this healthy style: Short periods where the price remains flat → Fast move higher. This indicates that buyers are slowly building sites, not chasing pumps = sign of real demand;
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The stain premium is still high. This indicates that buyers prefer to get a real BTC from commercial futures = a sign of long -term value.
What does all this add?
Although Bitcoin has not yet broken its rise, it is circulated near it, and there is no sign of weakness.
Therefore, the current side movement may be just The moment of monotheism before the next upward move. Before you say anything, yes, Withdrawal operations are still possible – but the largest image is still positive.
Meanwhile, there is another strong sign: According to Bian Quinvan of Santimeand Metal currencies are removed from exchanges and moved to cold storage.
👉 Bitcoin’s supplies on the stock exchanges decreased to 7.1 % – the lowest level since November 2018;
👉 ETHEREUM decreases to 4.9 % – the lowest level in its history.
Metal currencies are usually sold on exchanges.
Therefore, the lowest encryption sits on the stock exchanges The lowest saleWhich supports the idea that people expect prices to rise, not a decrease.
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🥝 The harvest is mechanical
Plans that say, “Haha, what is gravity?” 🪂
Data from 04:55 AM EST.
Check these memecoins and more here.
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Yesterday, we talked about how to force the UK to every Checks company Track and report user data For every trade and transfer. So that they can impose taxes on him, naturally.
Now let’s direct the world and go to AustraliaWhere things took a completely different turn.
In a legal case against William Whitley, a federal officer accused of stealing 81.6 Bitcoin, Judge Michael O’Connell Ruling Bitcoin is considered as money, not property.
Now, the capital profit tax does not apply to the regular currency.
Soo, you connect the points … and the bitcoin really “money” … Then It should not be subject to tax under the rules of capital profits.
This means that Aussies can search for up to $ 1 billion (about $ 640 million) in tax recovered amounts.
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Now, before anyone begins sending an email to the tax office: This decision does not change the law in reality. It is just an explanation for one judge in one case. It is not a new rule, not an official change in tax policy, and not something asking the Australian Tax Office (ATO) to follow it.
Unless the Supreme Court confirms this, the other judges – and ATO – are free to ignore it.
However, this entire matter raises a legal question: Should Bitcoin be treated like money – and is subject to tax likewise?
… Maybe not.
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People use Bitcoin to pay for things – flights, hotels and some online stores. It is useful for international payments, donations and counterparts to analogy;
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However, most bitcoin holders treat them like digital gold – a long -term investment that hopes that its value will grow, Nothing they buy coffee with him.
So while bitcoin He can A job like money, is not widely used in this way. It lives in this strange middle range: a coin of part, part of the assets, not completely.
This makes the tax situation messy. If Bitcoin is not clearly proportional to one category, trying to apply black and white tax rules will always feel a little.
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You are now aware. But think about your friends – maybe they have no idea. I wonder who can fix that … 😃🫵 Spread the word and be the hero you know! |
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😈 You cannot ignore the encryption forever
Jimmy Damon, CEO of JpmorganHe used to be like Gramba Simpson in this M.:
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Well, TBH, still somewhat … but less.
The most often kept the encryption. While other major banks bought the investment funds circulating in Bitcoin, JPMorgan is stuck with futures and their advisers did not recommend Bitcoin designs for Customers.
But now, things change.
No, Damon Dimin has not yet become (yet 👀) – But it seems to be relieved. His last:
“I don’t think you should smoke, but I defend your right to smoke.”
In other words – he may not like encryption, but it will not prevent customers from being exposed.
The word is, Jpmorgan will work Provide access to customers to Bitcoin’s investment funds. It will still not provide custody services, but even allowing customers to buy is a major shift from their closure before.
This gives bitcoin More legitimacy between wealthy customers and traditional investors.
It comes from the CEO of the fifth largest bank in the world, as he sends a clear message: If you want to remain able to compete in financing, you cannot ignore the encryption forever.
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🍋 The news decreases
📝 Donald Trump signed a law it took in the law. It is supposed to prevent people from publishing Deepfake … uh … intimate Pictures or videos of others without their permission.
🧱 Caroline Crincho – the only democratic who left at the Supreme Education Council – says the rules for removing the agency without thinking about it. I compared it to a game JengaContinue to remove a lot of pieces, and the whole matter could collapse.
The pioneering presidential candidate in South Korea, Lee Jay Meong, wants to launch a group supported by the Korean. He says he will allow people to send money on Blockchain without the need to rely on foreign options such as USDT.
⚖ South Korean actress Huang Yong Om has admitted that about 4.3 billion WNA (more than $ 3 million) of her own company to purchase encryption. Now you face embezzlement accusations under a serious economic crime law.
🤑 Join Cocoin? We have a referral link waiting for you – may also start bonuses.
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