Ninjastic
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Re: [ANN] 🔥 [100X LEVERAGE | 0% FEES] 🔥 PRIMEXBT - CRYPTO TRADING PLATFORM 🔥🔥🔥
by
Vingolle
on 04/12/2018, 16:21:56 UTC
Quote from: UpsilonTrooper on December 04, 2018, 03:11:34 PM
Quote from: ETHivan on December 01, 2018, 05:06:10 PM
Quote from: CryptoAlex1993 on December 01, 2018, 01:54:36 PM

What will your reaction be if the tax commission from the trader’s country requests data? How do you distinguish yourself in the position of centralization?

Man, have you ever traded on Bitmex? You guys speak here about mythical licenses, KYC, tax commission etc. How many licenses does Binance have or Bitmex (is there anything that we can call "license" in crypto? What does tax commission do with Bitmex traders (they made huge profits on leveraged short selling)?
Enjoy your privacy, I believe that 2019 will be the last year of this wild west  Grin

Exchanges need to have a licence to operate in their respective countries unless they're decentralised ones and need to pay taxes. People who made money on Bitmex too need to pay taxes if they sell the BTC for Fiat

Our jurisdiction doesn't require us to have any licenses until we decide to operate with fiat funds, if we decide to do that, we'll receive one. As for taxes - it's a duty of each individual to pay taxes in the country of their citizenship. PrimeXBT offers detailed reports which can help our clients get a clear understanding of their PL and use the reports to calculate taxes.