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If you want to play on FortuneJack, you’re going to need cryptocurrency. There’s currently no fiat currency support on FortuneJack, and likewise, you can’t buy cryptocurrency through the casino using a credit or debit card. Video texas holdem poker in vegas Although cryptocurrencies like Bitcoin can be used to make purchases of anything from hand-made crafts to, in the near future, a Tesla electric vehicle, if you convert that currency to cash rather than pay in the form of crypto, you could be liable for capital gains tax. “Every time you convert Bitcoin to cash it is technically a taxable event,” says Daniel Polotsky, CEO at CoinFlip, a Bitcoin ATM operator.
Morgen Peck is a freelance journalist who has covered cryptocurrency since 2012. The U.S. isn’t everything Get the full BTS Moving Up Package and KICKSTART your poker career!
Vcash Dear Bitcoin: Patience Is a Virtue. Love, Poker. BitMEX was billed as “a peer-to-peer trading platform that offers leveraged contracts that are bought and sold in Bitcoin.” It allowed users to effectively bet on the currency’s future price with leverage of up to a dizzying 100 to one. Translation: A customer with $10,000 in his or her BitMEX account could seamlessly execute a trade worth a cool $1 million. The lure of the exchange lay in the fact that people could make big money by putting in relatively modest crypto seed money.
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