DEX Barter Smartplace Launch: A New Era of NFT Trade
At Barter Smartplace, collectors can use barter exchange as the best way to build a collection. Trade coins for paintings, sculptures for digital art, a 1960s car for a collection of several gold coins, and many more exchange options are now available through barter. What Is Barter Smartplace? Barter Smartplace is a decentralized exchange for the barter trade of goods, currencies, and digital assets. The project has been developed with its own and private investment funds since December 2018, and this week the long-awaited launch of the NFT Marketplace took place with a security audit from....
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Using barter as an alternative economic model is an interesting, yet not entirely surprising choice. In this day and age, most consumers have plenty of goods, yet very little cash on hand. Changing the goods one doesn’t need [as much] against something more desirable is a tried and tested method to exchange value between parties in a peer-to-peer fashion. The Greek financial crisis over 2015 has taught the entire world a valuable lesson, in the form of how quickly the economy can go from bad to worse. It comes as no surprise to find out residents have been looking for....
Bitcoin is a system that benefits from mutual cooperation like barter versus the current money system of extraction.
The Canada Revenue Agency issued an official release on how to treat bitcoin and other virtual currencies for taxation this week after signalling its intent to do so back in May. The guidance gives tax advisors working with Canadian bitcoin companies something to go on when working within the bitcoin space. Although it contains no new information, it does reinforce the CRA's previous statement on the subject. The fact sheet, entitled 'What you should know about Digital Currency', is a very brief outline that simply states that tax rules apply when it is used to pay for goods and services....
The New York State Department of Taxation and Finance released a memorandum on December 5th which excused Bitcoin users from paying sales tax, if the virtual currency is being used to pay for certain goods and services delivered in New York State. In its elaboration, the memorandum referred cryptocurrencies like Bitcoin as an "intangible property", which is normally used to conduct barter transactions. "Since the purchase or use of intangible property is not subject to sales tax, any convertible virtual currency received by a party to a barter transaction is not subject to sales tax," it....
Recent posts from Canada describe steps that have been taken in this country forward bitcoin popularization, including launching of ATM in a coffee shop in Vancouver. Moreover, during the only one week of bitcoin ATM work in Vancouver, over 100,000 Canadian dollars were traded. Since then, the operators of bitcoin ATM – Bitconiacs company stated that other cities in Canada are also ready to launch similar ATM quite soon. In the beginning of November 2013 the Canadian government and the Canada Revenue Agency (CRA) has published an official release on bitcoin - entitled ‘What you should know....