Bitcoin is a decentralized digital currency first developed in 2009. Most Bitcoin-related questions should be asked at the Bitcoin Stack Exchange.
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Taxation from variations in currency
Assuming:
I am a UK tax payer
I live in the UK
Assume I sell a good online, for $100. One payment method I accept is Bitcoins. Bitcoins at the moment are extremely volatile, it wouldn't surprise ...
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votes
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When and how should I pay taxes on ForEx trades?
I am an Israeli citizen. I've bought BitCoin (let us agree for sake of discussion it is a currency) using US dollars.
Let's also assume I never convert the bitcoins to any other currency (but instead ...