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Bitcoin is tangible or intangible

Written by Bella Oct 19, 2021 · 7 min read
Bitcoin is tangible or intangible

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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. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. 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.

Bitcoin Is Tangible Or Intangible. 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. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. 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. It is not backed by any assets. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. Commodities however are generally tangible consumable goods. Outside of the US the treatment of digital assets varies substantially. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets.

The notice provides that virtual currency is treated.

Outside of the US the treatment of digital assets varies substantially. 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. 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.


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IMO Bitcoin itself is an intangible asset. It does not represent a claim on either tangible or intangible. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. The notice provides that virtual currency is treated.

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In its notice the IRS said bitcoin would be treated much like stock or other intangible property. It is not backed by any assets. It is not accepted as legal tender by any government. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. IMO Bitcoin itself is an intangible asset.

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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. It is not backed by any assets. It does not represent a claim on either tangible or intangible. Outside of the US the treatment of digital assets varies substantially. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets.

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It is not backed by any assets. 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. Outside of the US the treatment of digital assets varies substantially. It is not backed by any assets.

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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. It is not backed by any assets. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. Commodities however are generally tangible consumable goods.

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Commodities however are generally tangible consumable goods. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. It is not backed by any assets. It does not represent a claim on either tangible or intangible.

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Commodities however are generally tangible consumable goods. 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. Outside of the US the treatment of digital assets varies substantially. It does not represent a claim on either tangible or intangible.

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Commodities however are generally tangible consumable goods. The notice provides that virtual currency is treated. 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.

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IMO Bitcoin itself is an intangible asset. Commodities however are generally tangible consumable goods. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. Bitcoin has no inherent value whatsoever. 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. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. Bitcoin has no inherent value whatsoever. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. IMO Bitcoin itself is an intangible asset.

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It is not accepted as legal tender by any government. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. Commodities however are generally tangible consumable goods. It is not backed by any assets.

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