Post
Topic
Board Bitcoin Discussion
Re: Buying houses with BTC
by
Text
on 23/01/2024, 00:00:45 UTC
-snip
That sounds cool, but what about all the regulations and laws of the government? I mean, won't they charge their share? Won't it be possible to get a fine for using crypto instead of FIAT?

I know there are already countries that are "crypto-friendly", but it seems to be interesting to prove your house purchase through an NFT.
Governments generally want their share, and taxes on property transactions are a common source of revenue, just because technology allows it doesn't mean it's legal or tax-free everywhere. It’s better to ensure that the NFT you're using for proof of ownership aligns with local laws, governments are still catching up to crypto.