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A comment on Founder of crypto lender Celsius Network arrested, charged with fraud. Parent comment

Re:Founder of crypto lender Celsius Network arrested, charge... by afterburner on Thursday July 13, 2023 @02:13PM (#36713663)
Crypto assets are illegal if you try to dodge taxes. Or, as a trading institution, pretend that you have no duty to follow tax laws on reporting client transactions. They're no different than equities if you follow all the laws.

This all seems weird to me in Canada. Here, it's been acknowledged for years that crypto = equities.

Fraud is illegal either way though.

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Re:Founder of crypto lender Celsius Network arrested, charge... by legitster on Thursday July 13, 2023 @02:30PM (#36713934)
The tax thing is overrated. Equities have to be traded through a brokerage and that's the real death knell for crypto.

If your dream is to be able to buy a pizza with bitcoin, having to do the transaction via your respective brokerages would not work.

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Re:Founder of crypto lender Celsius Network arrested, charge... by afterburner on Thursday July 13, 2023 @02:36PM (#36714010)
That dream has been dead for years. BTC is all about investment now.
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Re:Founder of crypto lender Celsius Network arrested, charge... by DennisP on Thursday July 13, 2023 @06:10PM (#36716795)
That's more true for bitcoin than for some other projects, but even bitcoin has the Lightning Network which they're attempting to use for payments using BTC.
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