Do Tax Laws Prevent Bitcoin From Being a Savings Vehicle?
Larsy asks "How do you view Bitcoin as a savings vehicle considering tax liabilities?"
Here's my response!
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Louis just to let you know I managed to get my chainlink back, I had to Change some settings in my ledger live in total they where gone for four days. Thanks mike
That's great to hear Mike!! Glad you managed to solve it in the end :)
Thank you!
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Thanks!
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Greetings @louisthomas... Crypto-currencies can be seen or understood as "Other commercial effects" which allow us to buy goods and pay for services through the Internet. Therefore we can also see it as a savings vehicle.
Saludos @louisthomas las criptomonedas pueden verse o entenderse como “Otros efectos comerciales” los cuales nos permiten comprar bienes y pagar servicios a través de Internet. Por lo tanto también lo podemos ver como un vehículo de ahorro.
That's good to know that there are minimal tax liabilities in place for holding Bitcoin etc, thanks.