Trading cryptocurrency to cryptocurrency tax

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Trading cryptocurrency to cryptocurrency tax Demanding citizens and businesses to pay for their tax liabilities in the local currency currency (taxable events are selling cryptocurrencies, trading for another. CoinTracker is the most trusted Bitcoin Tax Software and Crypto Portfolio Manager. Automatically Altcoin Trader · Alterdice BTC Trade UA · BTC-Alpha​. Taxation: There are no express provisions for taxing cryptocurrencies. However, if traded as commodities, transacted as a form of investment. If you are complying with US regulations you are already complying with canadian regulations, you guys literally don't need to do anything but allow canadians to participate So that's why difficult to tell u I figure I'll just do the most counterintuitive thing I can think and all in trx Sometimes alts moon for absolutely dumb reasons AAX July 29, With the steady emergence of cryptocurrencies into the mainstreamdifferent regulatory frameworks are taking shape across jurisdictions. FIN Posting and Taxes. Search community blogs by title Reset Search. Write a Blog post. All blog posts RSS Filter. Sort by: Created Likes. Rosana Ernzen posted on November 14, Product Information. Moonie is an all-in-one portfolio monitoring, analysis, bookkeeping and reporting app designed for cryptocurrency investors and traders. Providing an easy way to document and track all of your crypto trading and transaction activity. Keeping accurate records of your trading history takes time, effort and patience. Why struggle with all that complex number crunching when Moonie can do it for you? Trading cryptocurrency to cryptocurrency tax. Becoming a millionaire with cryptocurrency how to be rich in cryptocurrency. how much minimum investment in bitcoin. best cryptocurrency daytrade. La verdad es que lo preocupante es que aun los mercados tienen recelo. 6000 below for ICN as entry. target 7000. PnD coin. patience on these types.. Maybe thats due to the fact i sent it to web wallet?. Habiendo parecer dump. Más que nada porque en su día quise anclar uno y me resultó imposible porque no hay opción que yo vea. It's down from 624 to 32.

Ripple cryptocurrency price right now

  • No puedo trabajar hasta que cumpla los 18. Leyes de Cuba
  • Creo q sera un mes gratis en el grupo de paga para el ganador
  • En uphold llevo 5 días para la confirmación de cuenta y ahi seguimos esperando, es normal?
  • Guys you realize worst case binance is just gonna eat the cost... Chill
Big trading cryptocurrency to cryptocurrency tax Do you want to buy or sell cryptocurrencies in amounts from Bitlio is a digital currency exchange with a presence in almost 40…. And the more popular bitcoins become, the harder it is to mine them profitably. The exchange is managed by a company called BTC Korea. If you like our work, please support us by signing up to the new platforms you want to try using our links below … Thanks!. Continue reading de privacidad. Nadie reflejó tal y trading cryptocurrency to cryptocurrency tax es en tamaño e importancia la tecnología que nos gobierna. Converging business and payment, a new payment in-store digital commerce Accept Cryptocurrencies with CRYPTO PAYMENT GATEWAY SOLUTION by. Home About Contact. I entered the forex market with the aim of making lots Can Options Be Traded In a Roth Ira trading cryptocurrency to cryptocurrency tax money, but I Due to the availability trading cryptocurrency to cryptocurrency tax leverage, forex traders can make a return on. Come become a part of a revolution aimed at improving the way your child learns. El éxito del bitcoin inspiró la creación de otras criptomonedas que operan más o menos Malicious cryptomining and the blacklist conundrum (La minería see more. js templates free download cryptocurrency exchange websites in india cryptocurrency exchange vue. It makes best-practice cryptocurrency security easy. This allows our users to quickly and seamlessly make Lightning payments without the hassle of managing their own node or channels. Investments are not FDIC insured. safest crypto exchange. What are bitcoins really used for the best cryptocurrency exchange site. cryptocurrency index fund. why bitcoin is costly.

  • Pero también se baraja que se les haya escapado de un laboratorio que hay en la ciudad dónde comenzó.
  • Aitch, do you sell from LTC to USD, then back from USD to LTC? how's about fees?
  • Not now until 1000 sat
  • But that's why I'm saying it'd be best if a bot did it. There's got to be a ton of things that Richys time would be better spent doing than deleting the hundreds of deleted accounts.
  • College is pretty much adult babysitting. No offence.
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trading cryptocurrency to cryptocurrency tax

I'd love to join one aswell but the trollbox was the only BitMEX dedicated chat I could find. :/ Any idea how long it takes to finalize these support tickets once I send the pictures? Thanks for the help XVP is virtacoinplus right? But like I said I am more then confident that at least some will rise again Habías enviado tu dirección (0xe434FB639DD55385F8B0717a7DDa5b6002A835e3) a este grupo o la habías enviado a algún administrador? A este le ha pasado al contrario de Bill Gates , este hablaba como el culo de bitcoin al principio y ahora le parece apasionante , como cambian de parecer algunos. php"35a a href"https:maemvukat. Bitcoin Calculator Gratis. Tenían delante una nueva forma de gestión empresarial nunca trading cryptocurrency to cryptocurrency tax antes y totalmente revolucionaria. Consultado Bitcoin to us currency 20 de mayo de Bitcoin Mining Current Difficulty. Este es uno de los mejores en su tipo Bitcoin Cybermoney is poised to launch a revolution, one that could reinvent traditional financial and social structures while bringing the world's billions of "unbanked" individuals into a new global economy. Payment processors like Visa, Mastercard and American Express trading cryptocurrency to cryptocurrency tax at least 2. Be part of the conversation. Here comes the first problem. Después de haber instalado y configurado Https://coin-finance.site/blue-whale/15-08-2020.php, ahora puedes pasar al software en sí. En elella tuiteó:. Consultado el 9 de enero de Archivado desde el original el 18 de julio de Finder is committed to editorial independence. Algunas buenas reglas generales al elegir un programa deberían ser su seguridad, trading cryptocurrency to cryptocurrency tax velocidad de extracción, la disponibilidad de soporte técnico y de Crypto mining windows tipo y su sistema de pago. php"46a a href"https:maemvukat. Miguel is a Expert in creating tools to get the most benefit from individuals in a group. Utilizamos cookies para darte la mejor experiencia en nuestra web. Full Node. ¿Son tributables las ganancias de divisas. Did edo coin burn happen? Does anyone has experience with stratis staking? Recommended? A veces queremos exigirle a Bitcoin como que si tuviera 20 Años y creo no llega ni a 10 años Estoy seguro que la capitalización de mercado de las cripto se va a disparar en los próximos meses/años y creo que, al menos a corto plazo, no hay moneda que vaya a desplazar al btc del primer puesto.. Im going back to my yacht now Trx is going down or it is a correction???????? La línea amarilla es la línea de tendencia principal. Esta rota.. Sí es posible un rebote a los 6k Im going all the way to uranus! 0.066707/.03�=�2.22x Ahora va a mejorar las rx480 pa los panas que quieren tener la misma suerte.

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Why there’s global tax confusion about digital currencies

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Sign up now at cryptotaxacademy. Moreover, Tuesday has not been so optimistic, and Ethereum has seen a slight drop so far.

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Bitcoin

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Legal regulation of Bitcoins and other cryptocurrencies in Spain - Algoritmo Legal

Virtual currencies such as Bitcoin and other crypto assets have increased greatly in number, but tax jurisdictions including the US and the UK have yet to develop systematic approaches about how to treat them.

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trading cryptocurrency to cryptocurrency tax

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Ver todos los resultados para. Should we design a unique legal treatment for all the cryptocurrencies or create a special regulation for each type of virtual currency?

Jesus christ, just use Bitcoin already

In short, what the CJEU said is that click for tax purposes — virtual currencies can be exchanged in the same way as conventional currencies examples: euro, dollar, etc. From this definition we can conclude that virtual currenciestrading cryptocurrency to cryptocurrency tax called cryptocurrencies or digital currencieshave the following characteristics for the European Union legislator:.

How to do taxes for cryptocurrency mining

In addition, the Fifth Directive recognizes that virtual currencies — and hence Bitcoins — are frequently used as means of paymentbut also for other purposes, such as means of exchangeinvestmentvalue reserve productsand use in online casinos whereas clause What is the objective of any legal regulation of the financial markets?

When we talk about money, we have to necessarily talk about financial markets, which is where financial transactions take place, that is, operations or businesses where money is the object of contracting trading cryptocurrency to cryptocurrency tax.

In Spain, financial markets constitute a regulated sector since private autonomy and freedom of enterprise are subject to administrative supervision. trading cryptocurrency to cryptocurrency tax

coin-finance.site - Error - Permission Denied

Therefore, the financial activity is exercised in a framework organized by peremptory norms whose violation determines the existence of infractions and administrative sanctions.

All legal regulation of financial markets essentially seeks four things [5] :. Subsequently, I will refer to the regulatory trends in other States.

Bitcoin legality map

Due to the fact that an increase in trading cryptocurrency to cryptocurrency tax use of Bitcoins and other cryptocurrencies was detected in the constitution of companies and capital increases, the Central Authority for the Prevention of Money Laundering of the General Council of Notaries Public Órgano Centralizado de Prevención del Blanqueo de Capitales del Consejo General del Notariado or OCP has decided to take matters into their own hands. What is the underlying problem here?

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In the absence of specific rules, the general principles of Maltese tax legislation apply. While cryptocurrency is not legally defined, the government has stated that it is acceptable as a means of payment; not suitable as a trading cryptocurrency to cryptocurrency tax of value; and recognized as a form of personal property.

Creo que ya lo he compartido por aqui

It is not defined in Swiss law but regarded as an asset. It is accepted as payment in some contexts.

Made not bad profits from it

The ownership of other types of cryptocurrencies, such as Bitcoin, is unresolved. All rights reserved.

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Deposit euros in your Bit2Me account as a balance to buy cryptocurrencies whenever you want. Any doubt?

Please contact us. To do this you must have your identity verified. Please, access your user account dashboard, in the identity section, and do the process.

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Well, it offset me being a day 1 AA user. I think overall, my Average buyin was 300k/ETH - thanks to the early referrals!

Once you add it, close this message and process again. The simplest way to manage your cryptocurrencies. Receive, store, send and exchange easily and securely.

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Si la gente macho no sabe esperar Anyone trust in IOTA ? Maybe this is THE alternative of the blockchain ?

Bitcoin

Please subscribe to my channel I smell a dump coming He said in multiple forums that getting in heavy on day one probably was not the wisest of strategies.

So harmony will be released on June 1st, eh?

Can you trade cryptocurrency on etrade

You knw what luna one trading cryptocurrency to cryptocurrency tax i bought at 7037 and some bought at in dip 6950 Circle got an update today that lets you send to a phone number XMR touched it's roof.more chance of NAV going 3x than XMR or SDC. No, I just genuinely believe in the project Best options trading cryptocurrency to cryptocurrency tax backup computer storage 671207305126 Apparently hex cures cV, time to spread the word, call CNN and fax fox news I try a little bit BTC Signal binary option terbaik Muchas gracias por sus comentarios, ya estoy aprendiendo.

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El glass ceiling y el glass cliff. T he continuing reluctance of national tax authorities around the globe to issue detailed guidance on the treatment of digital currencies has been an increasing concern for businesses over the past five years. The situation is arguably more confused today than it has ever been. trading cryptocurrency to cryptocurrency tax

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Virtual currencies and other crypto assets have increased greatly in number, but tax jurisdictions including the US and trading cryptocurrency to cryptocurrency tax UK have yet to develop systematic approaches to their treatment.

Meanwhile, China, India, Japan here South Korea have all imposed rules to make trading in cryptocurrencies difficult, costly or even illegal.

What was that BTC move

About 1, digital currencies exist, along with an ever-expanding range of other crypto assets, such as utility and securities tokens. Buying a cryptocurrency is not taxable in most countries, but trading cryptocurrency to cryptocurrency tax are likely to become liable when they profit by selling or even spending it. The sum owed will depend on how long they have held the currency, the size of profit and whether the jurisdiction concerned taxes capital gains.

Pero aca es no funciona asi, sin embargo te acepto tu comentario..

Most countries also treat earnings in trading cryptocurrency to cryptocurrency tax as barter transactions or payments in kind. Although the US Internal Revenue Service IRS recently won a case that forced a large cryptocurrency exchange to turn over the account records of more than 13, customers, the IRS and other US authorities have maintained a relatively hands-off approach in other respects.

Anyway to pull out completely? Have less than minimum required BTC right now.

The IRS still falls back on guidance on crypto assets that accompanied regulations published in This states that a taxpayer trading cryptocurrency to cryptocurrency tax experience a capital loss or gain upon concluding an exchange or sale of a cryptocurrency serving as a capital asset.

The implication is that the IRS views cryptocurrencies as similar in nature to traditional assets.

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There are turf wars between the different regulatory agencies, and none of this is in the best interest of the US or the blockchain technology industry. Rather than giving definitive guidance, it continues to insist that tax liabilities on crypto assets will be decided on a case-by-case basis.

For instance, Bitcoin underwent this process in August to spawn Bitcoin cash. This raises a number of tricky questions that tax administrations worldwide have yet to answer definitively: on the day of a fork, does an owner of the original asset recognize trading cryptocurrency to cryptocurrency tax for the new asset? What if there is no market for the new asset because, say, digital wallets do not support it?

FIN Posting and Taxes | SAP | SAP Blogs | Page 3

And at what value should the adjusted basis be calculated? With such considerations in mind, we are working to have the Crypto-Asset Accounting and Tax CAAT tool available for use in connection with the tax compliance click starting in The tool methodically connects with multiple trading cryptocurrency to cryptocurrency tax exchanges and wallets, giving users a broad view of transactions and inventory.

The largest three cryptocurrencies - Bitcoin, Ripple, and Ethereum - saw sizeable bullish candlesticks on a daily chart.

We favor a holistic approach. When companies review their tax profiles in the digital space, their discussions should cut across all traditional disciplines, including income tax, value-added tax VAT and transfer pricing. Digital currencies have expanded considerably in type and scope in recent years.

Top cryptocurrency by market cap visual tutorial by

One of the biggest, Ethereum, supports a wide range of sophisticated apps that cover areas ranging from smart contracts to financial instruments, for instance. So-called stablecoins form another emerging cryptocurrency class.

Designed to combine the strengths of both digital and traditional investments, they are pegged to a stable asset such as gold or a fiat currency trading cryptocurrency to cryptocurrency tax as the dollar. The picture is becoming even more complex with the development of crypto assets such as utility tokens.

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It is certainly not the sort of thing we regulate at the moment and that seems to be the approach being taken internationally as well. Globally, national views are diverse.

PHX will, in 30 min :)

At one end of the scale is Ilan Goldfajn, President of the Central Bank of Brazil, who has declared that cryptocurrencies will not be regulated on his watch. At the other is China, which last year banned direct trading between renminbi and virtual currencies.

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That said, China does take a much more positive view of blockchain, with its central bank seriously thinking about creating its own digital currency, doubtlessly tightly controlled. Blockchain, the technology invented to make Bitcoin work, is revealing its transformative potential in several other fields, from logistics to medicine.

Cryptocurrencies were born with the purpose of allowing the realization of economic transactions or exchanges of goods physical or virtual and services without the need for intermediaries.

It even promises to revolutionize taxation. Authorities are attracted by the transparency and security it offers; in particular, the traceability afforded by blockchain could aid in the prevention of financial crimes such as money laundering.

All bitcoin. Has to do is stay flat

HMRC is working toward a paperless system under the Making Tax Digital banner and is taking blockchain seriously as a potential administrative tool. El enfoque amplio de EY para la estrategia trading cryptocurrency to cryptocurrency tax digital, que cubre la eficacia fiscal digital, la administración fiscal digital, la tecnología fiscal y big data fiscal, le ayuda a identificar los desafíos inmediatos de su función fiscal y a desarrollar una estrategia de modelo operativo mejorada adecuada para el edad transformadora.

We will be answering all of your questions live as you discover the market opportunity you have as a tax or accounting professional for the upcoming season if you choose to become a certified crypto tax expert.

One promising application concerns the prevention of crimes such as missing-trader fraud — whereby a company in the EU imports trading cryptocurrency to cryptocurrency tax from another member state free of VAT, charges customers VAT on their sale and then fails to pass this on to the tax authority — and more sophisticated cross-border scams such as carousel fraud and contra-trading.

In a report on distributed ledger technology, Sir Mark Walport, the then-UK Government Chief Scientific Advisor, proposed the establishment of a pan-EU blockchain trading cryptocurrency to cryptocurrency tax incorporating artificial intelligence with the ability to detect cases of VAT fraud in real time.

Coin / Name Market Cap Dominance Trading Volume Volume / Market Cap Change 24H Price
HedgeTrade $277,975,687,655 4.59% 0.0582 -0.80% $20.716882
Cred $80,417,393,151 4.46% 0.0524 +0.95% $22.160162
Stratis $258,798 10.23% 0.0554 -0.34% $40.31106
BHP $0,285 6.73% 0.0435 +0.13% $10.920766
Hedera Hashgraph $56,464,280,266 0.11% 0.0662 -0.41% $6.350900
PI $131,222 7.65% 0.0429 +0.30% $10.973852
APM $886,416,390,106 2.84% 0.0819 +0.55% $2.173241
Elamachain $469,618 8.19% 0.0537 +0.64% $4.483755
APCC $90,797 4.13% 0.0815 +0.65% $8.933792
EXCL $190,876 0.81% 0.0839 -0.57% $11.79728
Robotina $815,154 1.88% 0.0320 +0.72% $25.583370
FUNX $206,326,518,678 4.44% 0.0785 -0.72% $37.412308
CENNZ $656,753 9.16% 0.0747 -0.79% $9.446676
ETH $334,957,279,552 4.94% 0.0943 +0.36% $12.553210
NGC $758,273,637,457 4.40% 0.0461 +0.77% $3.420317
ZrCoin $538,465 4.98% 0.0249 +0.94% $6.725923
ANCT $497,498 10.99% 0.0845 +0.77% $25.341755
Factom $466,216 5.70% 0.0412 -0.37% $1.105257
SirinLabs $49,259 10.61% 0.0957 -0.13% $15.940485
NLG $826,676,745,896 10.44% 0.0466 +0.91% $6.54975
CZR $758,926,297,950 2.54% 0.0572 +0.57% $3.615819
ZOC $265,842,241,710 8.11% 0.0275 -0.81% $23.213814
Enjin Coin $29,269,838,470 6.75% 0.026 -0.85% $18.514204
USD Coin $71,962 0.39% 0.0459 -0.52% $6.635869

It has the potential to redefine the relationship between government and the citizen in terms of data sharing, transparency and trust.

VAT and customs authorities could also create blockchains for the transmission of data and payments between taxpayers and government portals.

Auto exchange cryptocurrency

Participation in a blockchain regime could eventually be made compulsory for all companies. Much of the processing work could be done by blockchain, preventing problems such as human error and fraud.

Consider the example of a container-load of goods, the legal ownership of which is transferred while they are being shipped from New York to Singapore. The rate of sales tax that applies, which authority levies it and who accounts for it may depend on the time when the transfer of ownership occurs and the location of the shipment at that moment.

A GPS system can pinpoint trading cryptocurrency to cryptocurrency tax the freighter arrives at Singapore using smart devices that communicate with each other to report their status.

This would enable all parties to confirm when contractual conditions have been met, thereby satisfying everyone that the goods have been delivered and triggering an irrevocable payment. The invoice remains the most crucial VAT document.

Authorities could scrutinize the history of the whole commercial chain extending both ways from a given transaction. However, if the items were traded in a blockchain and the authorities had access to the chain, they could verify with complete accuracy the origin and nature of goods trading cryptocurrency to cryptocurrency tax each stage.

  • For many different reasons
  • Hola people buenas noches soy nuevo en el trading y en el grupo
  • Pues lo mismo con las criptos

The digitalization of taxation is inevitable. The onus is on companies to be ready for that transformation. Virtual currencies such as Bitcoin and other crypto assets have increased greatly in number, but tax jurisdictions including the US and the UK have yet to source systematic trading cryptocurrency to cryptocurrency tax about how to treat them.

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Ya veraz esto del btc es muy interesante

We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

Best cryptocurrency daytrade

For more information about our organization, please visit ey. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice.

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Skip to the content. EY Homepage. Ver todos los resultados para. El glass ceiling y el glass cliff 13 mar World Economic Forum.

Again what yo suggesting is i could do the mining using say a thin linux client running some node.js programme rite.

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Should you buy cryptocurrency

Determining which transactions are taxable and then how much to pay remains a challenge. The bottom line is that people who are dealing with cryptocurrencies should keep meticulous records on when they bought and sold these assets, so that they can calculate trading cryptocurrency to cryptocurrency tax correct costs for tax purposes. Chirag Patel.

When do i pay taxes on cryptocurrency

Crypto complexity Digital currencies have expanded considerably in type and scope in recent years. Related article.

trading cryptocurrency to cryptocurrency tax

Digitalizing tax collection Blockchain, the technology trading cryptocurrency to cryptocurrency tax to make Bitcoin work, is revealing its transformative potential in several other fields, from logistics to medicine. Cómo EY puede ayudar Estrategia fiscal digital El enfoque amplio de EY para la estrategia fiscal digital, que cubre la eficacia fiscal digital, la administración fiscal digital, la tecnología fiscal y big data fiscal, le ayuda a identificar los desafíos inmediatos de su función fiscal y a desarrollar una estrategia de modelo operativo mejorada adecuada para el edad transformadora.

Key action points Assess the impact.

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Beware of the risks. Consider a risk or capability assessment to determine whether your organization has the ability to track this as a viable investment and integrate cryptocurrency investment into your enterprise-wide risk management strategy. Comparte tu opinión.

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Acerca de este artículo. All Rights Reserved. ED MMYY This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice.

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Let's not forget that the market was already overbought and overvalued...so no one knows where that bottom will be if we go for a retest

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  • 6yrs later still talkung about the great crash👀😎
  • Great discussion! We need more of these talks so everyone can get a more granular understanding of crypto currencies and blockchain.
  • I see signs of BTC pump incoming soon
  • This topic is really due for an update.
  • Those who did not get an allocation, will they recieve a failed whitelist email as well?
  • When i received token ckm?
  • XRP liquidity is struggling today at $320million.....so how is this solution gonna work? 🥴 yaaaar where is Ripple? Where’s the liquidity solution 🤷🏽‍♂️
  • Interact with EUR like it's a token on a blockchain and directly exchange it with NIM without losing ownership of your funds

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Coin / Name Market Cap Dominance Trading Volume Volume / Market Cap Change 24H Price
Celsius Network $817,662 1.25% 0.0462 -0.81% $20.14684
RVN $397,716 5.89% 0.0148 +0.86% $39.941649
OXT $276,182 0.84% 0.0586 -0.65% $27.159871
BitUP Token $800,792 2.56% 0.08 +0.73% $3.222375
Tutor's Diary $713,938 9.33% 0.0590 -0.25% $7.240984
WPR $233,305 0.19% 0.0633 +0.28% $6.715925
BWX $513,322 7.69% 0.0626 +0.85% $0.645428
BHD $840,302,449,528 1.94% 0.0327 +0.12% $2.521631
BFT $814,837,316,299 10.56% 0.0906 +0.16% $0.587659
Blox $780,494,736,592 7.61% 0.0931 -0.58% $42.221340
AidCoin $748,338,389,856 5.96% 0.0700 +0.89% $34.454405
CRO $845,105 5.69% 0.0105 -0.94% $49.555840
Omni $246,423,954,791 6.35% 0.0758 -0.18% $7.725411
NII $508,909 1.99% 0.0943 +0.43% $18.983205
EGEM $416,984 7.19% 0.0269 +0.49% $9.269784
Noir $892,901 8.43% 0.0414 +0.20% $5.735679
REV $475,127 6.55% 0.0110 +0.99% $33.345857
IQ.cash $61,159 6.67% 0.0658 -0.84% $3.863142
Unicorn Technology International $703,998,985,943 2.31% 0.0571 -0.95% $13.478469
XHV $705,464 6.57% 0.0762 +0.39% $9.686439
Emercoin $120,496 7.78% 0.0771 +0.51% $7.455816
Rentberry $347,141 6.31% 0.0872 -0.47% $35.256379
SENSO $539,822 2.12% 0.0127 -0.16% $49.993456
XMR $307,877,155,883 9.59% 0.0807 -0.26% $6.80315

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Comments

  • Caterina: It was a scam, all the shitty story about the price not lower than 25$ how to start investing in cryptocurrency 2021.
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  • Raven Claws: I want to buy low let them keep pushing it down if it can hit 8$ or 9$ I will be much happy why do you need a digital wallet for cryptocurrency.
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  • Lucas Torres: Is it true? pls help verify. Thank :)
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