Cash-in Bitcoin

Discussion in 'Digital Currencies' started by asdfghjkl32, Nov 13, 2013.

  1. asdfghjkl32

    asdfghjkl32 Member

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    Has anyone cashing in bitcoins with Mt Gox? How long the fund will hit your local bank account? How the transaction is recorded in your bank statement?
     
    asdfghjkl32, Nov 13, 2013
    #1
  2. goldpelican

    goldpelican Administrator Staff Member

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    Coinjar seems to give decent rates - I haven't heard that Mt.Gox has sped up international wires.
     
    goldpelican, Nov 13, 2013
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  3. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Yeah Coinjar.io was really quick for me - very happy
     
    RetardedMonkey, Nov 13, 2013
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  4. asdfghjkl32

    asdfghjkl32 Member

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    Any limits? Where did the money come from? I worry about ATO.
     
    asdfghjkl32, Nov 13, 2013
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  5. hiho

    hiho Active Member Silver Stacker

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    the sell off begins :D
     
    hiho, Nov 13, 2013
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  6. asdfghjkl32

    asdfghjkl32 Member

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    Sell of plan gotta be in place coz the price could drop 80% after a sleep.
     
    asdfghjkl32, Nov 13, 2013
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  7. goldpelican

    goldpelican Administrator Staff Member

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    Found at http://www.reddit.com/r/Bitcoin/comments/1kpthd/aus_austracs_response_to_a_bitcoin_enquiry/ - I am not the person quoted below.

    From Reddit. My bolding. So no, not considered an e-currency by AUSTRAC yet, but I'll bet it will be soon.
     
    goldpelican, Nov 14, 2013
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  8. Slam

    Slam Well-Known Member Silver Stacker

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    I guess you can treat it like diablo3 gold or World of Warcraft currency for the time being, except its value is sky rocketing in real fiat.

    Last time I sold Diablo 3 gold and WoW account I didn't have to report it =D.

    Slam
     
    Slam, Nov 14, 2013
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  9. asdfghjkl32

    asdfghjkl32 Member

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    I want to know what the bank statement says when you receive fund from Coinjar? ATO could ask for CGT.
     
    asdfghjkl32, Nov 18, 2013
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  10. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Says this: TRANSFER FROM COINJAR FILLER S FILLER

    With a code after it.
     
    SilverSale, Nov 18, 2013
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  11. asdfghjkl32

    asdfghjkl32 Member

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    Thanks SilverSale, that's great info... I shall find alternate way to have my fund transferred. :)
     
    asdfghjkl32, Nov 18, 2013
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  12. pro$pector

    pro$pector New Member

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    e-currencies must be backed my something physical under current AUSTRAC rules, they need to re-write the whole thing to include BTC.
     
    pro$pector, Nov 18, 2013
    #12

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