News for hackers. Stuff that matters.
Re:Bancor Is Flawed by lambdadmitry on Tuesday June 20, 2017 @06:16AM (#14593355)
Another question: how can they even "cash out" from the legal standpoint? Surely tax authorities will be interested in those millions of dollars "out of nowhere". It's possible to "stay under the radar" with small sums (e.g. buying your groceries with "BTC credit card"), but surely not with millions, right?
Re:Bancor Is Flawed by DennisP on Tuesday June 20, 2017 @07:23AM (#14593629)
Just pay taxes on it like any business. Hire a CPA and CFO.