06-07-2021, 12:39 AM
Bitcoin may be legally classed as 'Money' in the US if officially recognized as lega
<!-- SC_OFF --><div class="md"><p>According to Andrea Tosato, a lecturer and researcher on commercial law at the University of Nottingham, Bitcoin may be legally classed as money in the US if recognized as legal tender by El Salvador under UCC § 1-201.</p> <p>I am no expert on law, but this seems to warrant discussion. What implications would this have on taxes in the US on Bitcoin?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/eulersheep"> /u/eulersheep </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ntpftj/bitcoin_may_be_legally_classed_as_money_in_the_us/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ntpftj/bitcoin_may_be_legally_classed_as_money_in_the_us/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>According to Andrea Tosato, a lecturer and researcher on commercial law at the University of Nottingham, Bitcoin may be legally classed as money in the US if recognized as legal tender by El Salvador under UCC § 1-201.</p> <p>I am no expert on law, but this seems to warrant discussion. What implications would this have on taxes in the US on Bitcoin?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/eulersheep"> /u/eulersheep </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ntpftj/bitcoin_may_be_legally_classed_as_money_in_the_us/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ntpftj/bitcoin_may_be_legally_classed_as_money_in_the_us/">[comments]</a></span>Kind Regards R