1 sat \ 1 reply \ @AndyOwethu 6 Apr 2023 \ parent \ on: Disadvantages of Bitcoin's Circular Economy bitcoin
I know of a merchant who does this because the tax authority approached him and told him that he accepts btc because he wants to evade tax so he decided to take btc into his wallet and put fiat in the books.
Merchants should "declare" their BTC as "cash".
Bitcoin IS cash. Nothing else.
All the rest is noise and fear monger.
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