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The fantasy is that country A (or B) isn't going to regulate the currency.

It doesn't work to tell the government that it isn't currency, they will just patiently explain to you that they decide that.



If the US wants to classify it as currency I would be happy to not have to pay the capital gains taxes


You also cannot transfer nonmonetary assets cross border without following regulations. Why do you think you have to declare at customs? https://www.congress.gov/bill/115th-congress/senate-bill/124...

Did you really think that getting around money laundering laws is as easy as converting to nonmonetary assets before transfer?


You have to pay capital gains when buying and selling between real currencies, you know, right?


What jurisdiction are you talking about?




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