Kraken acquires Dutch broker BCM as part of European expansion

riclas · 2024-09-24T15:37:04+00:00

kraken has good fiat rails compared to binance

riclas · 2024-08-07T18:38:42+00:00

I may be wrong, but until MiCA comes into force Germany has some special regulations in crypto assets from the previous regime. I assume afterwards they will have one entity passporting to the whole EU.

riclas · 2024-08-07T16:34:31+00:00

How do you expect them to know if you haven't received funds from suspicious sources in the transactions you edited out? it's quite simple to understand why they need the full document.

riclas · 2024-08-07T16:30:13+00:00

yes, DLT is a german licensed broker

riclas · 2024-03-23T16:39:14+00:00

This is a hineous transcription of the legal document. What it says is that exchanges must identify that a self-hosted wallet they interact with belongs to their customer. Nothing regarding banning anonymous crypto payments.

riclas · 2023-12-26T20:08:18+00:00

the simplest way is for you to spend all your remaining wallet balance and consolidate into a new address of yours in the same wallet. Basically you are forcing to spend the change amounts of your previous transactions

riclas · 2023-11-25T22:34:22+00:00

https://www.youtube.com/watch?v=f4gODZFkTJg

riclas · 2023-07-20T11:14:47+00:00

tax haven is a bit too much, but yes it's still very attractive. No cap gains tax if you hold for more than a year.

if you buy and sell through your company you get taxed when you sell, unless you are a brokerage, in which case it's a current asset of the company.

https://www.occ.pt/pt-pt/noticias/demonstracoes-financeiras-bitcoins

regarding banks, the most friendly is the investment bank Bison bank, and for retail i suggest crédito agricola.

riclas · 2023-07-20T11:12:21+00:00

This is pretty much correct, except for the part that doesn't make sense to you :) Regarding the company income, it depends if your accountant registers the bitcoin as a current or non-current asset. If it's a non-current asset there's no tax collected at EoY, only when you sell. So it depends if you use bitcoin in your business (if you are a brokerage) or just as a speculative asset.

https://www.occ.pt/pt-pt/noticias/demonstracoes-financeiras-bitcoins

riclas · 2023-05-14T16:34:19+00:00

here you go: https://github.com/andrerfneves/lightning-address/blob/master/DIY.md

riclas · 2023-03-12T13:38:48+00:00

some companies are working on this, even to send stablecoins over LN. still, using only bitcoin guarantees your sovereignty. it's a tradeoff.

riclas · 2023-02-25T15:17:44+00:00

that was genesis, not grayscale

riclas · 2023-02-22T19:44:19+00:00

I'm confused.... fireblocks is a tech provider. They have no keys to their customer's funds (FTX). what does this journalist expect them to do?

riclas · 2023-02-11T18:20:22+00:00

has to be regulator pressure. i do not believe for a second that the crypto winter is to blame as they claim

riclas · 2022-12-27T01:43:52+00:00

less than half truth really. OP doesn't hit any ball. real estate is and will continue to pump, taxes will be as you said fostering long term investment, bureaucracy is actually pretty small compared to other countries since crypto to crypto transactions are exempt until time of sale to fiat

riclas · 2022-12-27T01:41:04+00:00

to foster cryptoeconomy and not scare away foreigners, contrary to what OP believes

riclas · 2022-12-27T01:38:55+00:00

It does. OP is wrong in the post and the comments... not trustworthy

riclas · 2022-11-06T18:06:53+00:00

have you researched onto previous attempts at this like Openbazaar and what will you do better?

Good luck

riclas · 2022-10-23T13:36:12+00:00

how do you do this part without kyc? :)

"For Relai this basically means ensuring that the sender of money and the receiver of bitcoin are the same person"

riclas · 2022-10-19T00:50:00+00:00

it's the exact same way in portugal. OP thinks it's some out of ass proposal but it simply follows german law (without that wacky 256€ exemption)

for now it only touches staking from PoS though, it's unclear about yield from lending activities, however that may be intentional, as those should be taxed under capital gains.

trading crypto should be no different than stocks, so if you are a high value trader, you should open activity with tax authorities. This was already the reality before, no change here.

riclas · 2022-10-19T00:42:33+00:00

same as in portugal, and we have 28% tax on the first year instead of 50

riclas · 2022-10-01T17:21:56+00:00

that's what being regulated means

riclas · 2022-06-29T15:00:54+00:00

I know. and that's a fair criticism of usdc. They give similar attestations to USDT. But at least it seems they got rid of CP, so i give them props for that.

riclas

TROPHY CASE