Re:Dutch official calls for complete ban on Bitcoin
by bidirectional on Friday June 11, 2021 @10:02AM
(#27473454)
A fiat currency is issued by a government without being backed by a physical commodity. El Salvador's adoption of Bitcoin does not make it a fiat currency.
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Re:Dutch official calls for complete ban on Bitcoin
by imtringued on Friday June 11, 2021 @10:06AM
(#27473507)
I think this is in reference to a US law that states that a "currency" adopted by a foreign country is not classified as an asset but as a currency. This has tax implications but I don't know the details.