Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: Bitcoin declared a commodity, are ETH and other currencies to follow?
by
gefander
on 02/10/2018, 12:54:46 UTC
⭐ Merited by Betwrong (1)
https://m.nasdaq.com/article/bitcoin-ruled-commodity-palladium-etf-shines-cm1030552

What do you think? is this the early stages of acceptance towards cryptocurrencies?

It is bad news for all. A commodity is not treated as currency in terms of taxes and easiness of trading, thus if this is confirmed we will be exposed to a higher taxation level.
But this is also good news, it means the recognition of bitcoin. So if we could use it with easy taxation, it would be much easier and better, but still step.