Contest !! ||Cryptocurrency taxes

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Write any two types of cryptocurrency taxes.

Cryptocurrency these can be described as an online currency that can be used as exhange of goods and services and the currency can be converted from one kind of crypto or coin to another. The crypto currency can be mine, it can be stak and it can be traded .
We have income cryptocurrency taxes and capital gain taxes

Capital gain cryptocurrency taxes occur when you are you purchase or buy a crypto and you made a profit or loss from it while income tax is when you mine a crypto and whatever income you made from it will be taxed

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Is tax payment is mandatory for each and every cryptocurrency holdings?

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Yes that are mandatory taxes you pay when you are a holder of cryptocurrency for instance when you purchase a cryptocurrency from your crypto customer you will pay a sales tax or a capital gain tax.

Another way that you will pay tax is when you get your cryptocurrency by staking you are met to pay an income tax for thst transaction

You will also be taxed when you exchange your cryptocurrency from one cryptocurrency to another

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- How are cryptocurrency gains and losses taxed?

Cryptocurrency gains and losses are taxed i this method when you buy a cryptocurrency for instance when you buy cryptocurrency at the rate of $500 and you sale it at the rate of $550 when are short period of time the tax will be on $50 that you made i think you will be taxed either 25℅ or 35 % of that income you made.

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I think the income tax rate differs from one country to another and when you buy the cryptocurrency at the rate of $500 and it takes you a longer time for you to sale the income taxe rate will differ from when you sale it that a shorter period .