🇬🇧 Jme 🧪

THE UK JUST CHANGED THE GAME FOR STABLECOINS 🇬🇧🔥 Three things dropped this month that every crypto holder in the UK needs to know about HM Treasury just announced a single payments framework covering stablecoins AND tokenised deposits 💷 The Bank of England has already set out how systemic stablecoins must hold their reserves AND HMRC launched a Call for Evidence asking whether using a stablecoin as payment should even be a taxable event anymore 👀 Right now every time you spend USDT or USDC you are triggering a CGT disposal That means a gain or loss to calculate and report every single time 😤 HMRC are asking whether that should change! We are seeing a trifecta where the Bank of England, HMT and HMRC seems to be singing from the same hymn sheet. If stablecoins are part of your life you need to understand what is coming Drop your questions below and I will answer them 👇

@ArtofConviction @Lt_Dan_Tayl0r So sick! 👏

Already halfway there with the 10k BAYC AI Pets, will be done by end of week. Each one is made 1/1, all traits are re-rendered and re-designed for each specific ape. If you hold an Ape, you will be able to connect your wallet or a delegated one to claim your 1:1 Pet. 🦧x🤖

@ayyeffeff @lituislamex

@CryptoTaxJme @lituislamex Mm hmm

This is my MAYC. I have not given this person permission to use my IP on my asset. I will ask nicely for you to take this and your banner down immediately. For anyone else, I am unsure if he is a scammer but he does not have permission to use my ape. @lituislamex

@Telecom___ @lituislamex No. From past experience this is the fastest route. My concern was it was a scammer as these tend to be those who have malicious intent. We have now had a chat and all is good.

@CryptoTaxJme @lituislamex Kindly speak with him through Dm instead of dragging him or her here

@ayyeffeff @lituislamex True true. I’m just an amicable push over haha. All sorted now though. He didn’t understand was all.

@CryptoTaxJme @lituislamex If a mf’er asks this you better tell em to kick rocks cuz they are only doing it to gain followers or access to scam apes.

I’m pleased to confirm that we have had a chat and all is now sorted. He wasn’t aware and we educated. No harm. No foul.

@PeterParkerNFT I’m poor. So opted for a Tudor and a MAYC. Clearly farming with no intention of buying.

I’m telling you right now, you don’t want this fucking pussy in the club. IYKYK

@nftcollector369 @lituislamex Wouldn’t have minded if he asked.

@CryptoTaxJme @lituislamex Not just as easy as right click n save.

@minh_tuan88 @lituislamex There is law protecting IP mind you. But I’ve asked him nicely.

@CryptoTaxJme @lituislamex There is no law to protect images on X, so it is very difficult 🥲

@byNeviras @lituislamex If he had asked, I probably would have said yes.

@CryptoTaxJme @lituislamex Oh my and he follows me too. Why people using other mayc? That’s a shame, at least ask first.

@mayc12552 @lituislamex Yup!

@CryptoTaxJme @lituislamex Shame

@lituislamex @mdabdurrahim98 Please take down my ape immediately.

@mdabdurrahim98 Gm Bros

GM Can I get back gM??

@lituislamex @Telecom___ Please take down my ape immediately.

@Telecom___ Tnx

@lituislamex @minh_tuan88 Please take down my ape immediately.

@minh_tuan88 Have a good day

@lituislamex @Cryptosaga001 Please take down my ape immediately.

@Cryptosaga001 Gm

@lituislamex @Al_Nadim_nabil Please take down my ape immediately.

@Al_Nadim_nabil Have a great day fam ❣️

@lituislamex @boredbae98 Please take down my ape immediately.

@boredbae98 Gm fam

@lituislamex Please take down my ape immediately.

@lituislamex @useTria I’m lease take down my ape immediately.

Hey $TRIA Fam 👋 @useTria Season 2 is going to end today. Earn more XP for level up. Now I am in level 7 and going to reach level 8. Can I reach the next level? Next target 25k XP in season 3

@JoelKatz I have a guy I partner with state side. Just let me know and I can make the intro.

I'm glad I don't do my own taxes anymore. Just some of the issues with this: 1) Is the FUZZY that I received a gift? Or was it paid to me in the ordinary course of business? 2) What is my tax basis in the FUZZY that I received? 3) When I deposited into the AMM, do I consider the value materialized to be the fair value of the tokens I deposited or the fair value of the LP tokens I got? 4) Must I use FIFO to determine my basis in the XRP tokens I gave up to the AMM? Or can I choose which XRP to consider myself to have disposed of? 5) How do I figure the fair value of the LP tokens I got? Can I use the DEX? The AMM? Before, during, or after my transaction if I moved the market? 6) Can I plausibly argue that some of the values of the tokens involved cannot reasonably be determined to delay capital gains taxes until I eventually move back into more liquid assets? Or do I have to come up with some value by some methodology?

I took some of my FUZZY and some of my XRP to do a two-sided deposit into the XRP/FUZZY AMM. This adds liquidity to FUZZY and could let me profit from both volatility and swaps between FUZZY and XRP. bithomp.com/tx/A526DD40DC3…