Hey guys. Bitcoin / Tax question. So I'm in Australia, what if the Australian goverment suddenly hated Bitcoin so much that they enforced a 95% tax on anyone who sells their Bitcoin into Australian dollars? How would I be able to get around this tax problem?? would I be forced to go overseas?

submitted by /u/Jealous-Impression34
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Does anyone use BCH? uh... yeah!

submitted by /u/BeCashy [link] [comments]

source https://www.reddit.com/r/btc/comments/11djwwq/does_anyone_use_bch_uh_yeah/

Is Paxos secure?

Have some BTC in Paxos. Should I not given recent events?

submitted by /u/feeblelegaleagle
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Hardwarewallets used by redditors

In many postst and comments in this forum people reccomend using hardwarewallets for storing Bitcoin which I, like most bitcoiners, fully support. However when it comes to the different hardwarewallets that people here use and reccomend, its mostly ledger, coldcard and trezor. The bitbox is almost never mentioned. However from other scourses like Youtube, the bitbox 02 (Bitcoin only Edition) appeares to be the most reccomend option for storing btc. Is the bitbox 02 pushed by german youtubers (like Roman Eher and Niko Jilch) or is it fine and maybe undertepresented in this forum? Has anyone tried the bitbox and can reccomend it or has any complains? I personally tested the ledger nano s and the bitbox 02. Both are fine in my opionion. I dont like the ledgers partly closed source policy and the storage of customer data. And I dont like the lack of haptical feedback of the bitbox 02. Other than that I am happy with both but like the bitbox better.

submitted by /u/Pain-Parking
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If you had $50 million worth of BTC stored in cold storage wallets, and you recently got married… Would you tell ur new spouse the codes right away, wait a few years, or keep it secret until you’re terminally ill?

submitted by /u/Divad777
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Gary Gensler on Meeting With SBF and His Crypto Crackdown

submitted by /u/2q_x [link] [comments]

source https://www.reddit.com/r/btc/comments/11cu6xm/gary_gensler_on_meeting_with_sbf_and_his_crypto/

Tax Implications of spending BTC in the future

A bit of a hypothetical scenario question here!

Lets say I accumulate a decent amount of BTC over the next say 10 to 15 years.. and then I move to, or travel to somewhere like Costa Rica, where Bitcoin payments are becoming more common.

I understand that I could move some amount of BTC from a hardware wallet to a wallet that is compatible with the lightning network, to make smaller micro transactions.. but what are the tax implications in doing such a thing?

I more or less understand how capital gains tax works if I were to sell BTC for a profit in the future; but how does it work if you were to just start using it and spending it as a way to pay for stuff?

submitted by /u/Scoon_Dog
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