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Bitcoin is tangible or intangible

Written by Bruce Sep 16, 2021 ยท 6 min read
Bitcoin is tangible or intangible

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Bitcoin Is Tangible Or Intangible. 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. 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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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. 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. IMO Bitcoin itself is an intangible asset. 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.

It is not backed by any assets. 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. 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.


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

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Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. It is not backed by any assets. Outside of the US the treatment of digital assets varies substantially. 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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Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. 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. Commodities however are generally tangible consumable goods. It is not backed by any assets.

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Outside of the US the treatment of digital assets varies substantially. Commodities however are generally tangible consumable goods. Bitcoin has no inherent value whatsoever. 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.

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

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

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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. It is not accepted as legal tender by any government. Outside of the US the treatment of digital assets varies substantially.

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It does not represent a claim on either tangible or intangible. IMO Bitcoin itself is an intangible asset. 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. It is not accepted as legal tender by any government.

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The notice provides that virtual currency is treated. IMO Bitcoin itself is an intangible asset. 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. 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. 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. 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.


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