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Bitcoin is tangible or intangible

Written by Bruce Sep 09, 2021 ยท 6 min read
Bitcoin is tangible or intangible

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

Commodities however are generally tangible consumable goods.

Commodities however are generally tangible consumable goods. Commodities however are generally tangible consumable goods. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Bitcoin has no inherent value whatsoever. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. Outside of the US the treatment of digital assets varies substantially.


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If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. The notice provides that virtual currency is treated. 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. It is not backed by any assets.

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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. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Commodities however are generally tangible consumable goods.

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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. Bitcoin has no inherent value whatsoever. 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.

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Commodities however are generally tangible consumable goods. It does not represent a claim on either tangible or intangible. IMO Bitcoin itself is an intangible asset. 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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Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. Commodities however are generally tangible consumable goods. Bitcoin has no inherent value whatsoever. 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.

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IMO Bitcoin itself is an intangible asset. 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. Bitcoin has no inherent value whatsoever. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities.

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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. Outside of the US the treatment of digital assets varies substantially. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. The notice provides that virtual currency is treated.

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It does not represent a claim on either tangible or intangible. IMO Bitcoin itself is an intangible asset. 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. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities.

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Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. Commodities however are generally tangible consumable goods. The notice provides that virtual currency is treated. It is not backed by any assets. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets.

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Bitcoin has no inherent value whatsoever. 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. 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. 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.


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