So they haven't announced when they're going to talk about it yet. Anything anyone else wants to add on this topic. There are some trends evolving and I think the most published guidance out there, if you were to like, pull all the different countries around the world, there's probably more published points of view of different government agencies on tax on the application of VAT than anything else. MicroStrategy (MSTR), a bitcoin-accumulating business-intelligence software company, said it bought another 4,167 BTC for around $190.5 Microstrategy And now it's worth 25% less.. I'll cover a couple more topics. My my favorite, my favorite, least favorite topic, which is Bitcoin accounting. CoinDesk journalists are not allowed to purchase stock outright in DCG. You can demonstrate the effectiveness of their controls and their system and the design of the system that really comes down to having SOC one type 2 certification that those companies have those controls in place and that those controls are operating effectively. We are out of time. And it does have these different statuses under different regulatory regimes, right under tax, under the CFTC, under the securities laws, et cetera. Sorry, Amy, but that plays in from a revenue recognition or a mark to market standpoint how you use it in the business. coindesk.com Or there's a vendor that's critical in your supply chain, for various reasons and they have a need. Rob, for you just to chime in quickly, you said you always joke and say the accounting or morals. The fact of the matter is that there really haven't been any over the last year and maybe a good, just very brief way to explain why that is to win that clock. So, the first step is to educate folks, open their minds.. This makes it extremely hard money and extremely smart money. It's also pretty clear that there is a growing amount of interest and activity at the SEC in congress, even at the White House, to clarify and establish maybe new rules and regulations governing the digital asset space. Five months ago, Bitcoin.com News published a story concerning the speculation surrounding the third-largest bitcoin wallet, as many observers believe the address is a mega whale. It has become much clearer where it stands on cryptocurrency and bitcoin, which is: We're not regulating bitcoin. Does the exchange also have an OTC trading service that can execute on your behalf, accessing other pools of liquidity outside of their own exchange? Get pricing information for your analytics needs. MicroStrategy So you want to arm yourself with a really good answer. And they did that because they wanted to show a support show support for our corporate strategy around Bitcoin and also to show support for the long term. That liquidity is a big piece that you'll want to vet when you're looking at exchange providers and trading and self-custody and did come up earlier. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The company held zero debt on its balance sheet. Buy Bitcoin Worldwide is for educational purposes only. Saylor, who is reportedly worth around $1.2 billion and whose company has amassed approximately 140,000 BTC (about $4 billion at current prices), has been receiving small bitcoin donations from fans after tweeting about the integration. And if you want the U.S. to be competitive in the financial world, it has to have a pro-cryptocurrency position.. Basically, they reach out to all of their stakeholders. Usually there's a business decision why a company will move forward with their strategy, and operationally companies just have to comply and do what they need to do in order to meet the accounting rules. So, so I guess the other piece, you know, you started going down this path a little bit, the coin is different from other, I'll call it digital assets for one reason you mentioned, which is it's really considered property, not as security. MicroStrategy has a site called hope.com where they curate some of what they feel is the best bitcoin information available. It was designed to be a means of payment, a store of value, a unit of account, right? Bring in attorneys, bring in investment banks, do your research and get some advisors in place. And so, you know, I think there's a lot in your camp who don't like that, that model, unfortunately, that's where kind of takes you if you go through the different definitions of what currency is, inventory is a financial asset or financial instrument.
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