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Bitcoin is tangible or intangible

Written by Bruce Sep 11, 2021 ยท 6 min read
Bitcoin is tangible or intangible

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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. It is not backed by any assets. The notice provides that virtual currency is treated.


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Bitcoin has no inherent value whatsoever. It is not accepted as legal tender by any government. 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. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. IMO Bitcoin itself is an intangible asset.

Bitcoin has no inherent value whatsoever.

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. 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. It is not accepted as legal tender by any government. In its notice the IRS said bitcoin would be treated much like stock or other intangible property.


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IMO Bitcoin itself is an intangible asset. 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. 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. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. It does not represent a claim on either tangible or intangible. Bitcoin has no inherent value whatsoever.

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IMO Bitcoin itself is an intangible asset. 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. Outside of the US the treatment of digital assets varies substantially. In its notice the IRS said bitcoin would be treated much like stock or other intangible property.

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

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IMO Bitcoin itself is an intangible asset. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. 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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Bitcoin has no inherent value whatsoever. 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. 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.

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

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It is not backed by any assets. Commodities however are generally tangible consumable goods. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. Bitcoin has no inherent value whatsoever. IMO Bitcoin itself is an intangible asset.

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Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. 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. It is not accepted as legal tender by any government. 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 accepted as legal tender by any government. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. IMO Bitcoin itself is an intangible asset. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin.

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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. Bitcoin has no inherent value whatsoever. The notice provides that virtual currency is treated.


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