Beijing is preparing to launch its own cryptocurrency, a move that could potentially lead to greater state control. WSJ’s Steven Russolillo takes a look at official documents to find out more about China’s plans.

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31 thoughts on “How China’s New Cryptocurrency Could Challenge Facebook’s Libra | WSJ | Onlyinvesting.info”
  1. The IRS recently released new guidance about virtual currency—the first in 5 years—which mainly dealt with whether taxpayers have gross income from two cryptocurrency events: hard forks of cryptocurrency the taxpayer owns and an airdrop of a new cryptocurrency following a hard fork, if the taxpayer receives units of new cryptocurrency. If you own virtual currency, no matter whether these terms sound like a foreign language to you or you are familiar with them, you may need to account for these events on your tax return for the year when they occur. As a crypto investor, you face significant risks regarding taxation and the IRS. These risks can be mitigated, however, with help. Most accountants have no clue. Lance Wallach receives hundreds of calls for help. Google him and your advisor. WHO do YOU trust? 516-236-8440

  2. The IRS recently released new guidance about virtual currency—the first in 5 years—which mainly dealt with whether taxpayers have gross income from two cryptocurrency events: hard forks of cryptocurrency the taxpayer owns and an airdrop of a new cryptocurrency following a hard fork, if the taxpayer receives units of new cryptocurrency. If you own virtual currency, no matter whether these terms sound like a foreign language to you or you are familiar with them, you may need to account for these events on your tax return for the year when they occur. As a crypto investor, you face significant risks regarding taxation and the IRS. These risks can be mitigated, however, with help. Most accountants have no clue. Lance Wallach receives hundreds of calls for help. Google him and your advisor. Who do YOU trust? 516-236-8440

  3. The taxation of cryptocurrency is no longer just a young person’s problem. That changed the day the United States Internal Revenue Service made cryptocurrency a focal point of enforcement and added a crypto disclosure question on its Form 1040. Unsuspecting parents with dependent children should be on guard. The IRS is looking for noncompliance, and crypto questions create a possibly perjurious trap. Noncompliance may be sleeping in the basements of many unwary parents.
    Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust?
    516-236-8440 wallachinc@gmail.com

  4. The taxation of cryptocurrency is no longer just a young person’s problem. That changed the day the United States Internal Revenue Service made cryptocurrency a focal point of enforcement and added a crypto disclosure question on its Form 1040. Unsuspecting parents with dependent children should be on guard. The IRS is looking for noncompliance, and crypto questions create a possibly perjurious trap. Noncompliance may be sleeping in the basements of many unwary parents.
    Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust?
    516-236-8440 wallachinc@gmail.com

  5. IRS Disclosure Program(s)
    CRYPTOCURRENCY
    If you have not yet reported your virtual currency transactions, you should consider amending prior years’ tax returns and/or participating in the IRS Voluntary Disclosure Program. Keep in mind that if the IRS deems the failure to report your cryptocurrency holdings as fraudulent, there is no time limit for the agency to audit fraudulent tax returns.
    Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, Who do you trust?
    516-236-8440 wallachinc@gmail.com

  6. Can't know how I bumped onto this. All in all GREAT content 🙌🙌. I also have been watching those similar from mStarTutorials and kinda wonder how you guys create these vids. MStar Tutorials also had cool information about similiar money making things on his vids.

  7. China don’t need cryptocurrency because I am in China since 5 years, and I used cash twice or thrice only, and it was happened when I got minor problem in my WeChat account. Otherwise I used paper cash Only twice in 5 years

  8. Trading bitcoin is a set of certain algorithms in trading,instructions and action of the traders on the basis of the technical analysis. In each trading system, the conditions for entry/exit time intervals, money management and risk management are clearly defined. Trading systems allow you to limit the factor of emotional influence on decision-making, as well as to give the trade a certain degree of systemic character. I have been trading bitcoin for 6 years now and have never regretted going into it, my only regret was when i wasn’t going through the right way as i lost a lot before i was directed to the best trading agent in the market system Mr Smith Geoffrey, he grew my account drastically with my initial investment of 1 btc to 2.2 btc in a week. Bitcoin is truly profitable with the right broker and account management. Here feel free to contact him on WhatsApp on +1409-242-2496 and email via smithgeoffery214@gmail.com or telegram @smithgeoffery for more positive results.

  9. The federal authorities will likely soon begin enforcement actions against taxpayers who have failed to properly report their virtual currency transactions. But institutions and entities in the virtual currency industry are also at risk if the IRS believes they facilitated tax fraud. For example, the IRS may assert that an employee of a virtual currency vendor improperly told a customer that taxpayers need not report virtual currency transactions on their returns.
    Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. As an expert witness, Lance's side has never lost a lawsuit. Google Lance Wallach and your advisor, who do you trust?
    516-236-8440 wallachinc@gmail.com

  10. The market is moving well most especially bitcoin, I'm amazed at the raise of bitcoin the past few weeks bitcoin has raised to 54k today. 2021 is gonna be a great year for investors.

  11. Nervos Network (CKB) was chosen to be one of BSN’s first public blockchain partners because of its unique layered architecture, which allows developers to balance trust and security with scalability and performance. NERVOS is a company that specifically focuses on security and interoperability which enables crypto currencies to seamlessly and securely transact with one another! Nobody realizes that this is what Nervos Network is and does… which doesn't seem exciting but is probably the most important hidden function linking everything together. This is why they named it NERVOS like a central Nervous system. Nervos Network is a huge player in doing what this video talks about. Not a glamorous job, and this is why NERVOS is not a household name. But look at their investors… and clientele… they are the biggest investors, banks and companies in China! Search BSN and NERVOS… Then look up their investors. Nervos Network (CKB) Cryptocurrency

  12. Nice strategy I must say. I didn't earn as
    Much as this video claim but I earn about 3250USD every week and I don't do that using video

  13. Crypto should be transparent and it isn't as easy as people thinks it is, there are so many strategies to be learnt and unfoIded about Bitcoin trading.

  14. Why do you call this cryptocurrency? It's not crypto. It is digital fiat. Issued and backed by a central bank. Crypto is not backed by anything..it may be pegged to USD or gold. But that's not the same

  15. UNDOUBTEDLY XI JI PING ATHEIST👑 SIR ALSO BANNED FACEBOOK OF MARK ZUCKERBERG NEEM KAROLI BABA &TEMPLE MOSQUE CHURCH SUPERSTITIONS ⛪COMMENT💬 STRENGTHEN THE POWER BOTH ARE NOT LISTED ON ANY EXCHANGE CONGRATULATIONS🎉👏👏 IN ADVANCE

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