In the future I would like to buy some property with my BTC once it's worth a lot. Even small amounts made on signature campaigns in here could be worth a lot and may I want to diversify into real state in say 5 years or so.
I was wondering how would this be done? Im scared because we get daily news of any bank account that has to do with Bitcoin being frozen. I wouldn't like to be treated a criminal when I obtained my Bitcoin posting here... any help?
Till now I haven't heard any news of bank account freeze due to bitcoin withdrawal amount in my country.
Tax policy on bitcoin income is not cleared at all. Even I was also talking about this problem with my accountant yesterday and he suggested that until any tax law does not form on crypto-currency, we should pay taxes as per the current tax slab of my country's revenue law. Also, the bitcoin price surge will be considered as the capital gain when it is converted to the fiat.