i didn't get past paywall going via google here so didn't read the whole article, but .. is that headline for real? Complete ban on wiring from exchanges
@waxwing IIRC that exact argument was used successfully in a lawsuit in Israel to force banks to accept wire transfers from Bitcoin exchanges.
@zechendorf @waxwing Sane jurisdictions only require you to pay tax when you sell; not all jurisdictions are sane.
Here in Canada there are actually edge cases with how stock options are treated that end up causing consultants to go bankrupt because you can be required to pay taxes on options that are literally impossible to sell, at valuations that are unrealistic. Found that out working for a startup.
@pete i mean i guess.
here's an interesting one: how are you supposed to pay the capital gains tax you owe on trades, if you're not allowed to wire money out of the exchange? Does HMRC have an account at Coinbase and Bitfinex and whatnot? Should we pay them in BTC? 😂