Re:Do you have to file an FBAR for a bitcoin account?
by SilasX on Thursday March 28, 2013 @09:22PM
(#5458740)
Good point. But even if you reveal ownership of any bitcoins "as soon as you have to" (oh yeah I sold some consulting overseas for 100 BTC ...), and pay the taxes on them, it still functions as a great way to protect your savings against inflation-happy governments, in a way that commodities and "inflation-protected government bonds" can't.
Ask any Argentinian if they'd like to have kept a stash before the Corralito.
Ask any Argentinian if they'd like to have kept a stash before the Corralito.