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 Wouldn't surprise me... We really need common carrier laws to force entities like banks to accept all business without a court order mandating otherwise. Plenty of historical precedent in similar laws in the past with stuff like phone service and postal mail.
@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? 😂
@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.
