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     6 years ago (edited)

    Put it down in a simple way, the issue arises when the U.B.O. gets the money in his/her own account in the country of residence. Before that moment, they're just a crypto inside an account. The problem, in the end, will be identified not when you receive a reward for an article, but when you have converted BTC to FIAT in your Coinbase (i.e.) and transfer them to your bank account. At that point you need to refer to the jurisdiction of the country, one thing could be to officially ask the question to the Inland Revenue Dept. Here - but I say here and not elsewhere - after 60 days without a reply from a public office you're authorized to proceed and consider it as a go (silence is confirmation rule). It may be considered as a capital gain or interests. There's still debate if the BTC is money or not, go figure.

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       6 years ago 

      Amazing comment @f3nix

      Thank you for taking the time to reply. I appreciate it a log.

      I never knew about those 60 days. Is it general rule?

      ps.
      you're very responsive which is absolutely great and steemit community surely will benefit by having you here.

      if you would ever like to keep in touch and support each other closer, then drop me a message [email protected]. This will allow us to communicate easier.

      No pressure of course,

      Cheers, Piotr

      Yours,
      Piotr

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         6 years ago 

        Thank you Piotr. I am very new to steemit. I have been reading more about steemit and what you guys are posting. However, i am thinking of starting to post now. I did not have much time lately, that is a part of my reason. I need to learn much more prior to being more active in steemit.
        I must say that steemit community seems to be very good and supportive. Anyhow, we all have similar goals in steemit.

        Thank you for sharing with me!
        Regards,
        Xhevat

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           6 years ago 

          hi @Xhevat

          I agree that steemit community is more supportive than any community I encountered so far.

          Thanks for your comment and I hope to hear from you sometimes. If you would ever create any post about crypto/blockchain/AI then please let me know. I will be always happy to support you, comment and upvote :)

          Yours,
          Piotr

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