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RE: AVOIDING INCOME TAX (15%avg) when cashing out your BITCOIN into FIAT (theoretically of course!)

in #money7 years ago

Hey man thanks for the knowledge. Have you read any of the stories on Coindesk of regular people buying Bitcoin off of an exchange then selling them for profit to people at Buylocalbitcoins.com, getting heavy prison sentences for not registering for " transmitting money without a license", or "transmitting money on an unlicensed exchange". If so what are your opinions on those sentences when the rules are so vague?