Re:DeFi and the “digital asset” felony hidden in the infrast...
by josho on Thursday November 04, 2021 @06:42PM
(#29113353)
What may be semantically true may also be quite different than peoples perceptions. And peoples perceptions and how they functionally treat crypto is like a currency, it's even in the name. So, I strongly suspect if you tried to argue that position in a court of law, or even in a debate amongst tech. peers you would come out on the loosing end. Regardless, I appreciate your perspective. Thank you for sharing.
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Re:DeFi and the “digital asset” felony hidden in the infrast...
by bradwood on Friday November 05, 2021 @08:22AM
(#29118175)
"Cryptocurrency" is well understood to be a misnomer. The correct term is "Crypto Asset" as, at least according to most tax legislation, it is not a _currency_.
Currencies do not attract CGT on disposal. Assets (like crypto) do.
This is a big difference