top | item 5899901

(no title)

danw | 12 years ago

I think bitcoins just count as assets

discuss

order

ValentineC|12 years ago

They probably get taxed as income at the point they're converted into Sterling. (I'm not an accountant or lawyer.)

Does anyone think Bitcoin might gain greater adoption if more accountants and lawyers knew how to advise their clients?

mikeash|12 years ago

Are BTC different from accepting any other non-cash asset as payment? It's not really a foreign concept, just a new example of it.