Cryptocurrency

[BrilloPad]

Oh dear -

“The 2018 guidance now specifically states “HMRC does not consider the buying and selling of cryptoassets to be the same as gambling”. While this has been seen in some quarters as a change in policy, it isn’t seen that way by HMRC.

In a recent webinar, the HMRC speaker said that HMRC had never declared cryptoasset trading to be gambling and had always taken the view that the position was fact-specific. In fact, the 2018 guidance implies that the majority of cryptoasset investors are expected to fall into the CGT regime.”

Clients caught in a cryptoasset conundrum | AccountingWEB

Mor On in trouble?

Oh dear -

“The 2018 guidance now specifically states “HMRC does not consider the buying and selling of cryptoassets to be the same as gambling”. While this has been seen in some quarters as a change in policy, it isn’t seen that way by HMRC.

In a recent webinar, the HMRC speaker said that HMRC had never declared cryptoasset trading to be gambling and had always taken the view that the position was fact-specific. In fact, the 2018 guidance implies that the majority of cryptoasset investors are expected to fall into the CGT regime.”

Clients caught in a cryptoasset conundrum | AccountingWEB

Mor On in trouble?

CUK duplicate post issue - happened to me a few times now. Where is NF when you need him?

[AtW]

Have you paid your taxes yet?

[VirtualMonkey]

Have you paid your taxes yet?

[BrilloPad]

You should know by now just to expect cretinousness from the squirrel lover.

[VirtualMonkey]

You should know by now just to expect cretinousness from the squirrel lover.

He's like a crusty scab...you know you shouldn't pick it but.....and now I'm bleeding again

[AtW]

The cretinous part is not to pay taxes that are due, exactly what you did Brillo.

[BrilloPad]

He's like a crusty scab...you know you shouldn't pick it but.....and now I'm bleeding again

Indeed.

If you want to upset him then rep seems to annoy him. But even that gets boring quite quickly.....

[scooterscot]

Santander Settles Both Sides of a $20 Million Bond Trade on Ethereum

Woh - Decentralising financial with smart contracts on the Ethereum blockchain is fast gaining adoption. Chatter on the interweb is Ethereum is eating the finance market, in particularly the derivatives market. It's difficult to underestimate how massive that is.



Santander Settles Both Sides of a $20 Million Bond Trade on Ethereum

Spanish banking giant Santander says it has become the first institution to use a public blockchain to manage all aspects of a bond issue.

Revealed Thursday, the company not only used a token on ethereum to represent the $20 million debt issuance but settled it with another set of ERC-20 tokens representing cash held in a custody account.


To understand why that’s important, imagine asking someone a question on WhatsApp and waiting for them to mail a postcard with the answer. That’s what it’s like to issue securities on a blockchain while settling the cash side of the trade through the analog legacy system. But Santander, in this analogy, conducted both parts of the conversation digitally.


Previously, the World Bank issued a similar blockchain bond but used a private version of ethereum. French lender Societe Generale issued a bond earlier this year on the public ethereum network but said nothing about cash on-ledger.


Santander is claiming bragging rights since every part of its process is digitized, automated and on-chain, including having Santander Security Services custody the cryptographic keys for the tokenized security and tokenized cash.


However, like SocGen, Santander issued the blockchain bond to itself, meaning no outside investors were involved.


“It’s an evolutionary step,” John Whelan, head of digital investment banking at Santander’s corporate and investment bank, told CoinDesk. “There are no secondary markets yet, but we are on that path,”

[psychocandy]

'How I lost GBP25,000 when my cryptocurrency was stolen' - BBC News

I had about £400 nicked off an exchange. Wasn't happy.

[VirtualMonkey]

I had about £400 nicked off an exchange. Wasn't happy.

did the exchange sort it out and refund?