You are viewing a single comment's thread from:
RE: Future of cryptocurrency
Yes, my understanding is that it is treated as an asset and you have to pay capital gains?
Yes, my understanding is that it is treated as an asset and you have to pay capital gains?
Surely depends on which country you live in...in The Netherlands its not yet considered a source of income and indeed non taxable as such yet. To determine the worth of an asset they take the worth per the 1st of the year. Which could be veeeery nice if it works out right
What a mess though -- imagine if you have to report capital gains for every single transaction where you exchanged cryptocurrency for some real good....