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Bitcoin is tangible or intangible

Written by Alice Oct 03, 2021 · 6 min read
Bitcoin is tangible or intangible

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It is not backed by any assets. Outside of the US the treatment of digital assets varies substantially. IMO Bitcoin itself is an intangible asset. 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.

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 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.


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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. 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. 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.

It is not backed by any assets.

Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. Bitcoin has no inherent value whatsoever. 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. 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. The notice provides that virtual currency is treated. Outside of the US the treatment of digital assets varies substantially. It is not backed by any assets.

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Outside of the US the treatment of digital assets varies substantially. IMO Bitcoin itself is an intangible asset. Outside of the US the treatment of digital assets varies substantially. 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 its notice the IRS said bitcoin would be treated much like stock or other intangible property. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. Bitcoin has no inherent value whatsoever. It does not represent a claim on either tangible or intangible. Outside of the US the treatment of digital assets varies substantially.

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IMO Bitcoin itself is an intangible asset. Bitcoin has no inherent value whatsoever. 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. 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. The notice provides that virtual currency is treated. 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.

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It is not backed by any assets. It is not backed by any assets. 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. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin.

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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. Bitcoin has no inherent value whatsoever. 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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IMO Bitcoin itself is an intangible asset. The notice provides that virtual currency is treated. Bitcoin has no inherent value whatsoever. It is not backed by any assets. 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. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Bitcoin has no inherent value whatsoever. 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.

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

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If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Bitcoin has no inherent value whatsoever. It is not backed by any assets. 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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