Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | PoS - Dynamic Interest | SMS | ANON
by
virtualfaqs
on 30/06/2014, 22:11:01 UTC
Will Vericoin pay taxes and will that be public record?

i think as long as bitcoin does it, vericoin is good to go  Wink

My concern is whoever controls VeriFund has to pay taxes. Everytime someone uses VeriSend, Veribit, or in the future pay with credit card is a taxable event. I'm not 100% sure how Verisend works, but changing Vericoins to BTC is technically a taxable event. Buying VRC with credit cards in the future definitely will be.