Post
Topic
Board Announcements (Altcoins)
Re: [ANN]USDE-Unitary Status Dollar Ecoin- Safe,Secure,Simple- Now listed on Yobit
by
RB25
on 26/08/2017, 19:42:23 UTC
USDE_Community, how will your crypto currency interact with the world of fiat money? Will there be problems with the law on a large scale?

I don't know exactly what are you talking about? USDE is a cryptocurrency just like btc, eth, ltc and so on. There are countries that recognize this new financial instruments, other countries are taking them in consideration, other countries sees them as common goods.


Problems with the tax and other bodies monitoring the legality of funds. For example, I will earn 1 million in your system. It is unlikely that the conclusion to the fiat will be possible.

Well, as with most altcoins, you will need to convert to BTC or another crypto that has a direct fiat withdrawal to your bank account. This can be accomplished through many exchanges. We are working with USDE and hope to get it to a point where you don't have to convert to BTC. As for Tax implications, we cannot give tax advice because there are so many countries and laws around the world. Our only advice is to follow the tax laws for your jurisdiction.