south carolina non profit organizations This week's sell-off coincided with his prediction. "The tax authorities are investigating allegations of tax evasion after reviewing records of individuals and entities. The authorities are sending a notice to them that they will have to pay a capital gains tax on bitcoin investments and transactions." Attract capital and people The market can indeed be described as a laissez-faire pricing mechanism. However, this price mechanism does not operate in a vacuum, and does not work effectively in any social system. The basic premise of the efficient operation of the price mechanism is the implicit assumption of Smith: to recognize individual "lusts" and to clear and protect individual property rights. Clear and guaranteed personal property is the basic premise of market existence. It is necessary to recognize the personal "lusts" and to ensure that individual property rights are supported by the corresponding institutions, which are not in our society.