Re:Tesla has suspended vehicle purchases using Bitcoin
by toomuchtodo on Wednesday May 12, 2021 @07:04PM
(#27136257)
Crypto that is considered securities (by meeting the Howey test) is regulated by the SEC. Crypto that is treated as a commodity is regulated by the CFTC.
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Re:Tesla has suspended vehicle purchases using Bitcoin
by kristianp on Wednesday May 12, 2021 @07:21PM
(#27136422)
As far as I know all crypto is considered securities by the IRS.
Re:Tesla has suspended vehicle purchases using Bitcoin
by toomuchtodo on Wednesday May 12, 2021 @07:27PM
(#27136469)
The IRS treats crypto as property in general, not a currency. That’s why there are capital gains or losses with each transaction.
https://www.irs.gov/businesses/small-businesses-self-employe...