Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
Crypto is taxed in the same way as Gold and real estate. When you sell or trade crypto you have to pay tax on the difference between the selling pr...Read more
Yes. It doesn't matter if you only made losses, you still have to report it to your tax agency. In fact, it is in your best interests to report you...Read more
Yes. Any exchange of cryptocurrencies is also a taxable event. For ex. if you exchange Bitcoin for Ripple, the IRS and other tax agencies will trea...Read more
The same way as regular income. For ex. if you receive 10 BCH as a result of the Bitcoin Cash fork then you will need to declare this as additional...Read more
It's actually very difficult to avoid crypto taxes. Every time you transfer funds to an exchange you are leaving a papertrail that tax agencies can...Read more
No, you don't. As long as you own both wallets there's no tax to pay on transfers. However, you still have to keep track of the original cost of th...Read more
Koinly automatically imports your transactions, finds all the market prices at the time of your trades, matches transfers between your own wallets,...Read more
Yes, cryptocurrency assets are viewed in the same way as stocks and shares when it comes to taxation. This means that you need to consider both cap...Read more
In the UK, you can earn up to £12,300 in capital gains before you pay tax – which is inclusive of cryptocurrency profits. Moreover, UK residents al...Read more
The only way to avoid paying tax on your cryptocurrency investments is to ensure that you do not sell your tokens. In doing so, the gains are reali...Read more
The only way to avoid a crypto tax shock is to ensure that you have a firm understanding of what your liabilities are.Read more
The first £12,300 that you make in capital gains in 2022/23 is tax-free. After that, those on a basic income tax band will pay 10%, while for those...Read more
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts ...
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