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Bitcoin is tangible or intangible

Written by Mark Sep 28, 2021 · 7 min read
Bitcoin is tangible or intangible

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The notice provides that virtual currency is treated. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Bitcoin has no inherent value whatsoever. It is not backed by any assets. It does not represent a claim on either tangible or intangible.

Bitcoin Is Tangible Or Intangible. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Outside of the US the treatment of digital assets varies substantially. The notice provides that virtual currency is treated. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin.


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In its notice the IRS said bitcoin would be treated much like stock or other intangible property. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. It is not accepted as legal tender by any government. Outside of the US the treatment of digital assets varies substantially. IMO Bitcoin itself is an intangible asset.

Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets.

If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. It is not accepted as legal tender by any government. IMO Bitcoin itself is an intangible asset. Outside of the US the treatment of digital assets varies substantially.


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Bitcoin has no inherent value whatsoever. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. IMO Bitcoin itself is an intangible asset. The notice provides that virtual currency is treated. Commodities however are generally tangible consumable goods.

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In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. The notice provides that virtual currency is treated. Outside of the US the treatment of digital assets varies substantially. It is not accepted as legal tender by any government.

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If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Bitcoin has no inherent value whatsoever. It does not represent a claim on either tangible or intangible. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin.

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Outside of the US the treatment of digital assets varies substantially. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. It is not accepted as legal tender by any government. It does not represent a claim on either tangible or intangible. It is not backed by any assets.

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Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. Outside of the US the treatment of digital assets varies substantially. IMO Bitcoin itself is an intangible asset. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset.

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It is not backed by any assets. Bitcoin has no inherent value whatsoever. IMO Bitcoin itself is an intangible asset. The notice provides that virtual currency is treated. Outside of the US the treatment of digital assets varies substantially.

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It is not accepted as legal tender by any government. It is not backed by any assets. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. Bitcoin has no inherent value whatsoever.

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But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. It does not represent a claim on either tangible or intangible. IMO Bitcoin itself is an intangible asset. Outside of the US the treatment of digital assets varies substantially.

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Commodities however are generally tangible consumable goods. IMO Bitcoin itself is an intangible asset. Bitcoin has no inherent value whatsoever. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. In its notice the IRS said bitcoin would be treated much like stock or other intangible property.

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But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. Outside of the US the treatment of digital assets varies substantially. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. It does not represent a claim on either tangible or intangible. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets.

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If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. It is not backed by any assets. IMO Bitcoin itself is an intangible asset. Bitcoin has no inherent value whatsoever. In its notice the IRS said bitcoin would be treated much like stock or other intangible property.

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