Dan Romero pfp
Dan Romero
@dwr.eth
PSA We’re a US-based company. We have to follow financial regulations. This means 1) there are certain countries we cannot provide financial services to and 2) >$600 a year requires everyone to complete a W8 / W9 if they want to continue to receive payments from us. If you would prefer not to provide that, that’s OK. But we can’t pay you.
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sparkz pfp
sparkz
@jacy
you could just 'tip' us all ... https://x.com/unusual_whales/status/1924927861678313616
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base pfp
base
@basewtf
could you implement a complete opt out for receiving rewards as well as contributing to someone else’s points towards rewards?
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Colin Charles pfp
Colin Charles
@bytebot
Curious - how is X handling this?
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Trish🫧 pfp
Trish🫧
@trish
I’m genuinely curious how many opt in and opt out. I understand it’s a legal compliance issue for FC. It’s just a whole other thing for people in crypto and I’m curious what the community chooses. Numbers not names obviously
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𝑶𝒕𝒕𝒊🗿✨ pfp
𝑶𝒕𝒕𝒊🗿✨
@toyboy.eth
You should have done this cast with a walk and talk then dropped the mic. Would go viral
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Kyle Patrick pfp
Kyle Patrick
@kylepatrick.eth
Do the airdrops count towards that 600$?
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matthew chaim pfp
matthew chaim
@chaim.eth
how do we know if we need to provide at W8 etc and how do we provide it?
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Preator pfp
Preator
@fourvork
All my homies hate US regulations is the 600$ threshold for weekly rewards only? or for airdrops too? bc airdrops are just other companies sending money to our wallet, not FC
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ranger.degen.eth 🥷 pfp
ranger.degen.eth 🥷
@just-nath
Curious on how you can track this accurately
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Coop pfp
Coop
@coopahtroopa.eth
Its ok you can simply send all the unclaimed weekly rewards to my wallet. I will gladly spend them in miniapps for unqualified users
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Thibauld pfp
Thibauld
@thibauld
Everyone cares about privacy until they receive > $600 a year :)
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max ↑ pfp
max ↑
@baseddesigner.eth
If I keep getting $25 magical onchain money per week I'm afraid I have to sign the paper
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homie pfp
homie
@infinitehomie
Curious if that will change as the year continues… it’s definitely possible considering climate.
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phragg pfp
phragg
@phragg
is there an automated process in handling these w8 / w9s? curious how this is done. on-chain? also what's the approx # of users that hit this threshold?
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Kristina Thiele 🎩 🐙 pfp
Kristina Thiele 🎩 🐙
@kristinathiele
Where does that leave non US citizens?
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Peter Arogundade pfp
Peter Arogundade
@noblepeter2000
I love the USA sys.
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m.ike pfp
m.ike
@mikerichardson.eth
Not sure why people are tripping. Standard tax law for anyone that earns anything over $600 from any U.S. entity. Bonus, you can file a schedule c on your taxes!
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Mikasa🦋🖤 pfp
Mikasa🦋🖤
@ayeeshaxoxo
Taxes are cumbersome, but consider us too, esp peeps who are little accounts with extremely an extremely low neynar :(
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Brandon Yoshizawa 🎩🔵💎 pfp
Brandon Yoshizawa 🎩🔵💎
@bay-photography
Will those who earn more than this get notified?
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