Adam Back reveals details of BTC based convertible notes
@adam3us: BTC based convertible notes
Adam Back, a prominent figure in the cryptocurrency community, elaborates on a novel financial instrument: a BTC basis convertible note. This innovative approach allows investors to capture the conversion premium, with the option to receive their money back in Bitcoin upon maturity. Furthermore, investors can partake in these notes using Bitcoin directly, which offers the advantage of bypassing capital gains tax upon entry. For French taxpayers, there is an added benefit; holdings of these notes are exempt from capital gains tax if retained for a period of five years.
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In the previous news, tweet author Adam Back discussed the implications of wealth tax and its impact on individual financial growth amidst inflation. Read more.
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