Crypto from a tax perspective A key distinction between cryptocurrency and fiat money (like the US dollar) is that cryptocurrency is viewed as property rather than as a currency in the US by the Internal Revenue Service (IRS). This means that the taxation rules for cryptocurrency are those which…
In July, the HMRC put out a call for evidence pertaining to the taxation of DeFi activity. In their own words, the HMRC is striving to…
What is a hard fork? In the crypto world, a ‘hard fork’ occurs when a blockchain’s programmers decide to pivot. This is essentially…
While some may describe investing in crypto as a gamble, that’s not the focus of today’s blog post. Today, we’ll be looking at crypto…
Background One of the key ideas behind crypto is privacy, the decentralized nature of the space means you can keep your trades private. Yes…
IRS updates crypto question on Form 1040 The Internal Revenue Service (IRS) has proposed an update to a question regarding crypto asked on…