Controversial radio host laments millions in losses

Laptop with 10,000 Bitcoins lost! Controversial radio host laments millions in losses

The infamous Alex Jones, once dubbed America’s leading conspiracy theorist, claims to have lost a laptop containing 10,000 Bitcoins. After this week’s Bitcoin renaissance, that would equate to $560 million worth at today’s price.

When the host of the „Flagrant 2“ podcast brings up the subject of crypto, Jones initially pretends he doesn’t know anything about it. But then he turned to the Bitcoin Rush audience and said, „Do you want the secrets?“

And of course we want them. Jones: „Bitcoin is completely controlled.“ He added that RT presenter Max Keiser was also involved in the story: It was Keiser, he says, who gave him the laptop with the 10,000 Bitcoin.

„I’m at Bilderberg, north of London, wherever that town was ten years ago, and Max Keiser comes up to me and says I have 10,000 Bitcoins for you. This is the future, it’s going to be the new global currency…“

However, Jones gave no further details about the events surrounding the loss of the laptop – other than to say „I lost the laptop“.

„This is total globalist insider stuff. I’m not saying they’re not involved, obviously it’s been assumed now…“

To say the least, things got „interesting“ when Jones started talking about aliens inventing and running the Bitcoin network. Going further, he claims that „we [humans] were created by aliens.“

Is there any truth to the claims?

A Bilderberg meeting was held in Watford, North London, on 8 and 9 June 2013. Jones is documented there at that time.

Similarly, records exist to corroborate Jones‘ claim that Keiser was present in Watford at that time.

However, there is no verifiable evidence that a laptop containing 10,000 Bitcoins was given to Jones by Keiser. The lack of details about how the laptop was lost is another reason for scepticism.

Bitcoin’s origin story („Bullish development: Bitcoin’s funding rates rise again – $60k within reach“) is shrouded in mystery. To this day, over a decade later, details about who Satoshi Nakamoto is and where he is are still unknown.

Secrets give rise to rumours

A few years ago, researchers claimed that the „National Security Agency“ (NSA) created Bitcoin.

Their evidence came by linking Bitcoin’s secure SHA-256 hash algorithm (to buy Bitcoin at eToro guide) to the Alphabet Agency. SHA-2 cryptographic hash functions were developed by the NSA and first published in 2001.

But this is still a somewhat weak link. It is common practice for cryptocurrency projects to use existing technologies. For example, Cardano’s Plutus and Marlowe smart contract languages are derived from Haskell.

Haskell 1.0 was invented in 1987 by Philip Wadler and Stephen Blott. Neither of these individuals has any connections to Cardano.

IOHK CEO Charles Hoskinson said Haskell meets his requirements for a programming language; namely, that it is a functional language. The main benefit of this is more stable code that is resistant to exploits/bugs.

Unfortunately, if you exclude the NSA, you’re still left with aliens in the game. However, Jones (of course) does not comment on why he thinks this is so.

Crypto Weekly # 131 – Cryptocurrency news of the week

The week of 01/25 in a nutshell – News about Bitcoin and cryptocurrencies is in constant turmoil. It may happen that vital information gets lost in the daily news flow and you miss important points.

This format is there to remedy that. We return to the news of the past week in the Crypto Weekly to keep you informed on the current situation of cryptocurrencies.

The must-see in the area

For the unmissable of this week we find Thibaud who looks back on the evolution of banks, until the creation of Bitcoin and the emergence of Bitcoin banks.

The gold standard and its evolutions

Under the Gold Standard , banking institutions that lent to businesses wishing to borrow were required to hold sufficient quantities of gold in reserve to meet the withdrawal needs of their custodian clients. Monetary issuance was therefore naturally controlled by the scarcity of the underlying commodity : that of gold. A little later, in the 17th century , English bankers began to generalize a very profitable practice of lending more gold than they had in reserve.

A few centuries later, some major problems appeared in this system which has been inherited to this day. Gold conversation warehouses have been abandoned for companies specializing in money creation , now commonly known as “central banks” . One of the oldest such institutions is “The Old Lady of Threadneedle Street” , the Bank of England which was established in 1694 to support government borrowing and later served as a lender in last resort to commercial banks.

Seized with a new power, states have armed central banks with a fundamentally irresistible power: that of manipulating money to finance large-scale national programs without being sensitive to the budgetary constraints usually present in a company.

The birth of a free currency

Over the past 10 years , the global monetary base, made up of the total quantity of fiat currencies in circulation such as the euro, the US dollar or the yen, has therefore grown considerably under the impetus of easing programs. quantitative ( quantitative easing ) and injection of liquid . These various programs were put in place by governments concerned about economic recovery. Like an arsonist who sees himself trying to put out the forest fire he himself has started, these measures tend to create the problems they set out to solve.

With the appearance of the genesis block on January 3, 2009 , the Bitcoin protocol was a new discovery with the introduction of a fixed quantity currency of 21 million units (“BTC”), themselves divisible into 100 million of sub-units (“satoshis” or “sats”), for a total of 2.1 trillion of sats in circulation. Bitcoin’s supply schedule is therefore predictable with an “unfalsifiable cost” of production . This twelve-year-old project calls into question the role of a central bank in the management of money, and tends to redefine the place of a commercial bank at the peripheries of the Bitcoin network .

Det finns mer i Bitcoin Options berättelse!

Krypto-derivatmarknaden var till stor del framgångsrik 2020. Medan Bitcoin Futures har varit i rampljuset mycket på grund av CME: s tillväxt, stal Bitcoin Options showen med sin konsekventa löpning under 2020. Men förstoring går utöver det vanliga handlarnas intresse, med andra faktorer som spelar en viktig roll i processen också.

Enligt Deribits senaste institutionella nyhetsbrev var den totala nominella omsättningen 211 miljarder dollar och samlade alla kontrakt och mynt. Bitcoin Optionsomsättningen var nära 180 – 190 miljarder dollar. Den registrerade en ökning med 82% från 2019, en upptäckt som visade en ökning från år till år i sektorn.

Årets sista kvartal var särskilt speciellt då tjurkörningen hjälpte till extremt hög handelsaktivitet. Nu på papper kan det verka felfritt, men 2020 var mycket mer än så.

Bitcoin Options-marknaden skulle inte ha registrerat så högt intresse och volym om vissa saker inte hade gått sin väg på marknaden.

Bitcoin-pris, återhämtning och datafördel

När det bifogade diagrammet observeras kan vi se att andra kvartalet 2020 inte var lika imponerande som resten av kvartalen. Det var i nivå med det lägsta kvartalet 2019 och allt berodde på marknadskraschen i mars. Nu, även om andra kvartalet 2020 var ljummet ur derivatmarknadens perspektiv, ökade priset hausseartad fart under denna 3-månadersperiod, fart som satte hjulen i rörelse resten av året.

Bitcoin återhämtade sig snabbt och efter sin tredje halvering klättrade BTC till det 5-siffriga värdet på 10 000 dollar igen. Q3 2020 plockade upp en del av sin ånga och sedan lade Q4 det bästa kvartalet i Bitcoin Options marknadshistoria.

Även om priset på Bitcoin spelade roll i derivatindustrin, är en annan fördel med Options över Futures tillgången på extra data. Alternativ ger möjlighet att utnyttja kollektiva känslor med hjälp av Implied Volatility.

Underförstådd volatilitet för optioner på Bitcoin- marknader har ett U-format mönster eller ”volatilitetsleende” skevt. Det indikerar att volatiliteten hos optioner förbättras när optionen blir mycket i pengarna eller i pengarna. En sådan datamängd gör det möjligt för handlare att uppskatta marknadens kollektiva känsla, vare sig det är hausse eller baisseartat.

Ethereum Options höll fortet när Bitcoin var nere

Även om det enbart baseras på spekulation, är det obestridligt att ETH- optioner höll handlarna på marknaden när Bitcoin inte kunde generera massiva prisrörelser och i tillägg alternativaktivitet. Under Ethereums rally i augusti överträffade faktiskt ETH Options-kontraktsvolymer Bitcoins eftersom världens största altcoin lockade bättre resultat.

Allt lyckades till slut, eftersom dessa handlare förblev i utrymmet när Bitcoin registrerade sin nästa etapp upp på marknaden.

The dollar doomed against Bitcoin? Morgan Stanley is seriously asking the question

Bitcoin, a worrying challenger? – The cryptosphere is already aware of the disruptive potential of Bitcoin and crypto-assets vis-à-vis monetary and economic systems. However, it is still quite surprising to see that now even a large American bank, such as Morgan Stanley, is doubting the omnipotence of the dollar against the king of cryptocurrencies.

Bitcoin, the only serious contender for the throne of the dollar king?

Since the end of World War II and the Bretton Woods agreements, the US dollar has established itself as the world’s reserve currency .

Ruchir Sharma , as Head of Global Strategy at Morgan Stanley Investment Management , shares an interesting reflection on this in the Financial Times . The banker assesses there competitors who could replace the dollar as the global reserve currency .

Past the euro of the European Union and the renminbi of China – which do not appear to him to be sufficiently reliable competitors – Ruchir Sharma comes to consider the case of Bitcoin (BTC):

“ Lest the central banks, under the aegis of the US Federal Reserve, devalue their currencies [via the printing press], many people have bought bitcoins in large quantities. Its price has more than quadrupled since March, making it one of the top investments of 2020. ”

With the coronavirus crisis , the already huge debt of the United States has become more than worrying . This makes the Morgan Stanley expert say that:

“(…) The reign of the dollar should end when the rest of the world begins to lose faith in the ability of the United States to continue paying its bills. This is how the dominant currencies went downhill in the past. “

If Bitcoin goes from the status of an investment to that of a medium of exchange …

… It would be Game Over for the dollar. This is in summary what Ruchir Sharma thinks since, according to him, even if bitcoins are more like an investment for the time being, the banker sees a change underway :

“Small businesses are starting to use bitcoin in international trade, especially in countries where the dollar is hard to come by (like Nigeria) or where the local currency is unstable (Argentina). And in recent weeks, PayPal and its affiliate Venmo have started storing bitcoin with a view to accepting it as a form of payment next year. “

Even among those who are most skeptical of the technological news that digital currencies are, gold is preferred over the dollar, as the precious metal has been recognized as „protection against the decline of state currencies for hundreds of years. ‚years‘ .

Ruchir Sharma concludes his presentation by saying that the current bitcoin and cryptocurrency rush should „serve as a warning to government money printers“ , especially in the United States.

Without wanting to, the Morgan Stanley leader also ends with what could be a sarcastic nod to the French government. Indeed, the latter has just passed in force – by ordinance and without consultation of Parliament – new restrictions against the cryptosphere. However, Ruchir Sharma gives as a final warning: „intervening to regulate the boom in digital money (…) can only accelerate this popular revolt [for healthy currencies]“.

Bitcoin-prisförutsägelse: BTC / USD-affärer under $ 16 000; Kan tjurarna bygga stöd?

Det dagliga diagrammet avslöjar att Bitcoin-priset följer den baisseartade rörelsen eftersom priset sjunker för att beröra det dagliga läget på 15 708 $.

  • BTC / USD Långsiktig trend: Bullish (Daily Chart)
    Viktiga nivåer:
  • Motståndsnivåer: $ 17.500, $ 17.700, $ 17.900
  • Supportnivåer: $ 15.000, $ 14.800, $ 14.600

BTCUSD – Dagligt diagram

BTC / USD sågs för bara tre dagar sedan handla över $ 16 000-nivån, men ett misslyckande med att hålla sig över den viktiga motståndsnivån skickade kryptovalutan. Under de senaste ögonblicken sjönk den första digitala tillgången under 16 000 dollar för första gången under de senaste tre dagarna, men är det möjligt för tjurarna att hålla detta viktiga stöd?

Vad du kan förvänta dig av Bitcoin (BTC)

Den sista resan till $ 16 000-nivån kan vara den sista under en tid, nu när Bitcoin (BTC) handlas till $ 15 944 och glider mot det 9-dagars glidande genomsnittet. Men om marknaden fortsätter att sjunka, kan Bitcoins pris sjunka till 15 500 dollar, och om detta stöd inte innehåller försäljningen, kan handlare se ytterligare en nedgång till 15 000 dollar, 14 800 dollar och kritiskt 14 600 dollar. Motståndsnivåerna att titta på är 17 500 dollar, 17 700 dollar respektive 17 900 dollar. Under tiden passerar RSI (14) under den överköpta regionen, vilket tyder på att mer baissignaler sannolikt kan spela ut på marknaden.

BTC / USD Medium – Term Trend: Bullish (4H-diagram)

4-timmarsdiagrammet avslöjar att marknaden visar ett tecken på svaghet eftersom priset inte kunde gå över de glidande medelvärdena. Intradagshandlingen ser dock fortfarande baisse ut; efter den senaste returen på $ 15 708, vilket är den viktigaste supportnivån. Nästa viktiga supportnivåer ligger på $ 15 400, $ 15 200 och $ 15 000.

BTCUSD – 4-timmarsdiagram

Men med tanke på den senaste kraftiga rebounden kan Bitcoin-priset komma in i det hausseartade rallyet till $ 16.000 motstånd. En stigning ovanför det nämnda motståndet kan ytterligare pressa BTC-priset till $ 16 600, $ 16 800 och $ 17 000 motståndsnivåer. Som det såg ut nu verkar det som om björnarna troligen kommer tillbaka på marknaden eftersom RSI (14) nu rör sig under 55-nivån och kan fortsätta nedåt.

XRP colpisce $0.50, passa il Tether

XRP colpisce $0.50, passa il Tether come terza più grande crittovaluta

L’XRP, ora la terza valuta più grande dopo l’Etereum e il Bitcoin, ha raggiunto i 0,50 dollari per la prima volta dal 2018. Al momento in cui scriviamo, il prezzo si aggira intorno a 0,57 dollari, e il tetto del mercato è superiore ai 25 miliardi di dollari.

Tether lo aveva superato per il terzo posto all’inizio di quest’anno, ma una recente esplosione ha dato Bitcoin System il vantaggio all’XRP.

È salito del 22% nelle ultime 24 ore e del 100% nella scorsa settimana

Altri altercoins hanno fatto bene, troppo-Ethereum e EOSIO (EOS) sono aumentati di quasi il 30% nell’ultima settimana, e Cardano (ADA) è aumentato di oltre il 40%. Il Bitcoin, sempre il cane da battere, continua ad avere una tendenza costante al rialzo; attualmente è valutato oltre 18 mila dollari a moneta.

XRP è stato creato da una società della Silicon Valley chiamata Ripple, e non utilizza un processo di estrazione mineraria a prova di lavoro come il Bitcoin o l’attuale versione dell’Ethereum. È stato progettato più per aiutare le banche a spostare il denaro velocemente che per fare acquisti o conservare il valore.
Le 5 migliori notizie e funzioni di criptaggio nella vostra casella di posta in arrivo ogni giorno.

Ottieni Daily Digest per il meglio di Decrypt. Notizie, caratteristiche originali e altro ancora.

Secondo i rapporti, Ripple ha preso in considerazione un trasferimento all’estero per evitare un potenziale aumento della regolamentazione.

XRP ha raggiunto il massimo storico di 3,84 dollari nel 2018. E per un breve momento, nel 2017, è stata la seconda valuta crittografica più grande del mondo.

Swiss cryptobank Sygnum added support for Tezos cryptocurrency stealing

Sygnum was the first regulated bank to add support for Tezos (XTZ) cryptographic currency stealing.

According to the press release of 6 November, the bank will provide storage, trading, lending and stealing services for XTZ. Estimated annual revenue from Tezos stacking is about 5%.

Sygnum is regulated as a bank by the Swiss Financial Market Authority (FINMA) and offers a range of services in the field of digital assets.

„Sygnum’s offer of the Tezos Stacking Service is proof of the safety and reliability of the network and is another step towards wider acceptance at the institutional level,“ said David Fuchs, Head of European Institutional Investor Relations at the Tezos Foundation.

In May, Bitcoin Suisse, a Swiss cryptographic brokerage company Bitcoin Trader review, added XTZ stacking support for institutional clients. Today, the custodial division of Coinbase is the largest validator in the Tezos network.

Bitcoin hatte gerade den größten Rückgang der Schwierigkeiten im Bergbau seit 2011

Das Preisverhalten der BTC bleibt relativ stabil, da das Netzwerk automatisch für höhere Gebühren und langsamere Blockzeiten sorgt.

Bitcoin (BTC) erlebte am 3. November die größte negative Schwierigkeitsanpassung seit fast 10 Jahren, da sich das Netzwerk einwandfrei selbst versorgt.

Daten aus der Überwachungsressource BTC.com zeigen, dass der Schwierigkeitsgrad von Bitcoin am Dienstag automatisch um 16% angepasst wurde.
Schwierigkeitsabbau am stärksten seit neun Jahren

Schätzungen hatten zuvor angenommen, dass die Anpassung etwa 13 % betragen würde, aber es war die zweithöchste in der Geschichte von Bitcoin. Erst 2011 gab es eine größere Differenz – 18%, die ebenfalls Ende Oktober kam.
Bitcoin-Schwierigkeitsdiagramm mit hervorgehobenem letzten Tropfen.

Schwierigkeitsanpassungen erfolgen automatisch alle 2016er Blöcke und ermöglichen es Bitcoin, als „hartes“ Geld zu bleiben, unabhängig von allen externen Faktoren, die sich auf die Bergarbeiter auswirken.

Eine solche Reduzierung gibt mehr Bergbauteilnehmern Anreize, um Blocksubventionsbelohnungen zu konkurrieren, mit dem Ergebnis, dass der Schwierigkeitsgrad dann wieder ansteigt.

Bei Redaktionsschluss wurde die nächste Anpassung jedoch auf weitere -16% geschätzt, was darauf hindeutet, dass die Auswirkungen des Ereignisses vom Dienstag noch nicht spürbar waren.

Für die Benutzer wird die Anpassung nach unten die Gebühren senken und die Blockzeiten verkürzen, zusammen mit einer Verringerung der Größe der nicht abgebauten Transaktionen im Mempool von Bitcoin. Nach Schätzungen von Earn.com bleibt die optimale Bitcoin-Transaktionsgebühr mit 80.000 Satoshis ($11) hoch.

Bitcoin Mempool-Größe 2-Monatstabelle.

Die Kommentatoren zeigten sich nur wenig beunruhigt und lobten stattdessen Satoshi Nakamotos Entwurf zum Schutz der Netzwerk- und Geldintegrität.

„Es gibt keinen schöneren Aspekt von #Bitcoin als die Schwierigkeit der Anpassung. Es gibt keinen schöneren Aspekt von #Bitcoin als die Schwierigkeit der Anpassung“, fasste Travis Kling, Gründer des Vermögensverwalters Ikigai, zusammen.

Unterdessen schien sich die Hash-Rate des Bitcoin-Netzwerks am Dienstag von selbst zu drehen, und die geschätzten wöchentlichen Durchschnittswerte begannen zu steigen.

Die Hash-Rate gibt Aufschluss darüber, wie viel Rechenleistung für die Validierung von Bitcoin-Transaktionen aufgewendet wird. Vor Wochen war die Metrik auf einem Allzeithoch, verlor aber in der zweiten Oktoberhälfte rund 25 %.

Zum Zeitpunkt der Veröffentlichung war nur ein geringer Einfluss auf die Kursentwicklung von Bitcoin spürbar, da noch $13.0000-$13.300 als Unterstützung übrig blieben und BTC/USD bei $13.500 pendelte.

Bitcoin Analyst: BTC vil utfordre $ 20 000 hvis den stiger over $ 14 000

Rask ta:

  • Veteran Bitcoin-analytiker, MagicPoopCannon, mener at når Bitcoin når over $ 14 000, vil den utfordre $ 20 000 neste
  • Analysen hans var noen timer før Bitcoin Future satte en topp på 2020 på $ 13.498 – Binance rate
  • Bitcoin ligger for tiden mellom $ 13 300 og $ 13 400 og er bare noen få hundre dollar unna $ 14 000
  • Bitcoin kan gå for hjemmekjøring over $ 20k før året er over

Veteran Bitcoin-analytiker, MagicPoopCannon, har gitt en kort analyse av Bitcoins nåværende push over $ 13k. Ifølge Bitcoin, hvis Bitcoin tester $ 14 000 og hevder det som støtte, vil BTC definitivt utfordre $ 20 000. I tillegg har Magic spådd at Bitcoin kan være godt på vei til å nå området mellom $ 65.000 og $ 80.000 innen midten av neste år.

Nedenfor er tweeten fra Magic som gir en kort analyse av Bitcoin og hva fremtiden vil ha for BTC.

Bitcoin setter en topp på 2020 på $ 13.498

Magics kommentarer til den fremtidige verdien av Bitcoin ble gjort noen timer før BTC brøt 13 100 dollar med tilstrekkelig fart til å legge inn en topp på 2020 på 13 498 dollar – Binansrate. Bitcoin har siden avkjølt seg litt og pendler for tiden mellom $ 13,300 og $ 13,400 i et trekk som antyder konsolidering i påvente av en ny opptur.

Hvis sistnevnte oppstår, trenger Bitcoin bare å flytte mellom $ 600 og $ 700 for å nå det forventede pristaket på $ 14k. Dette betyr at analysen av teamet på Bloomberg for noen dager tilbake var nøyaktig i den forstand at den spådde at Bitcoin ville teste $ 13 000 og muligens $ 14 000 innen utgangen av året. Analysen ga også en bullish 2025 Bitcoin-prisforutsigelse på $ 100.000.

Bitcoin kan fortsette å bevege seg takket være nyheter fra JP Morgan Coin

Når det gjelder grunnleggende forhold som kan fortsette å kjøre Bitcoin i timene og dagene som følger, kunngjorde J.P Morgan at de vellykket hadde lansert sin JPM-mynt. I følge CNBC ble JPM Coin brukt denne uken, kommersielt for første gang for å sende betalinger over hele verden.

Bankens globale leder for grossistbetalinger, Takis Georgakopoulos, forklarte at tiden var inne for å våge seg inn i blockchain-teknologi for avvikling av betalinger.

Vi lanserer Onyx fordi vi tror vi går over til en periode med kommersialisering av disse teknologiene, og går fra forskning og utvikling til noe som kan bli en reell virksomhet.

Tilbake i 2019 kunngjorde J.P Morgan-teamet at de jobbet med et USD-støttet digitalt aktivum for å fjerne smertepunktene ved tradisjonelle betalingsoppgjørsmetoder som tid, kostnader og sikkerhet. JPM Coin er dermed en stablecoin støttet av en bransjeleder.

Dette betyr at adopsjonen av den digitale eiendelen vil være rask i J.P Morgan-nettverket av banker og kunder. Dette betyr igjen at flere banker og betalingsleverandører til slutt vil se fordelene med blockchain-teknologi og Bitcoin.

IRS says CNAE does not change anything in bitcoin declaration

The Federal Revenue Service (RFB) in response to the Administrative Council for Economic Defense (Cade) stated that the National Classification of Economic Activity (CNAE) proper for the market of cryptomorphs makes no difference for the purposes of the declaration of IN 1.888/19, which deals with cryptomorphs.

The document was added last Friday (09) to the administrative inquiry that aims to investigate the anticompetitive conduct of banks with the closing of exchanges accounts.

According to the agency, this register is „an important data in the categorization of economic agents,“ but the fact is that the IRS requires data on its own transactions with Bitcoin Up and the CNAE would be indifferent on this point.

PayPal responds to Cade about illegal operations with cryptomoeda
Inter Bank: „We do not have information about closing brokerage accounts for cryptomoedas“.
PagSeguro responds to Cade about illegal operations with cryptomoedas

„The exchanges, legal entities and individuals are required, for example, data on the date of the transaction, the holders involved in the business, the cryptoactive transacted, the fees charged, among other information“.

According to the letter sent by Cade, the Federal Revenue would have until October 9th to present its answer on whether the CNAE itself for the exchanges would have any repercussion on the capture of information provided for in the Normative Instruction RFB No. 1.888/2019.

The antitrust agency also requested „other information that the RFB considers relevant on the matter. The RFB responded to the document within the seven-day deadline, but was brief in its response without providing any details or information beyond what was referred to the CNAE and the Normative Instruction dealing with the statement on operations with cryptomorphs.

CNAE of „Bitcoin“ and the banks

The National Classification of Economic Activity for the companies that acts on the cryptomoeda market was a regulatory advance of this sector, once before this CNAE, the exchanges brought other classifications which were not specific for this activity.

The lack of own CNAE ended up becoming even motivation for banks to close the accounts of these companies. The question, however, is that even after the own CNAE was instituted for the sector, the banking institutions still have justified their acts, as if nothing had changed as Bradesco, Banco do Brasil and Sicredi mentioned in their last manifestations.

Santander, on the other hand, recognized that the Classification of Economic Activity proper for the market of cryptomoeda can help in combating fraud. Itaú, on the other hand, did not hide its aversion to the market by associating transactions with cryptomaps to money laundering and terrorism, even though the bank is a partner of a brokerage firm that works with Bitcoin.

Declaring Bitcoin

The Federal Revenue Service’s answer only shows that the agency is not interested in the economic activity registered in the exchanges. What the IRS wants to know is about the data behind the transactions.

The income tax return already brings the obligation for the person who has cryptomains to inform this data to the RFB. With IN 1.888/2019, besides that the cryptomoedas brokers started to have to inform the data of the operations and the data of the holders.

The identification of the people who are trading cryptomaps in these brokers became more rigid. In addition to having to declare information on operations with cryptomoedas, Exchanges now have to inform the CPF numbers, in the case of individuals residing in Brazil; and CNPJ, if the person trading cryptomoedas is of a legal nature.

For transactions carried out by persons residing or domiciled outside Brazil with the Brazilian Exchanges, these companies now have the obligation to inform the Tax Identification Number abroad (NIF).

This should facilitate the work of the IRS when crossing the data to find out who has cryptomoedas and failed to declare in the income tax, as was mentioned by the accountant specialized in cryptomoedas Ana Paula Rabello in her e-book Declaring Bitcoin.

In one of the excerpts of the book, Rabello explains in detail:

For transactions carried out by persons residing or domiciled outside Brazil with the Brazilian Exchanges, these companies now have the obligation to inform the Tax Identification Number abroad (NIF). This should facilitate the work of the IRS when crossing the data to find out who has cryptomoedas and failed to declare in the income tax, as was mentioned by the accountant specialized in cryptomoedas Ana Paula Rabello in her e-book Declaring Bitcoin.