2022-9-15 13:03 |
How is DeFi taxed? The Internal Revenue Service has not released any direct advice on DeFi specifically, though it does have some general guidance on cryptos. In fact, the agency has been quite clear about how it views crypto, stating that it is property. origin »
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The Indian Government now wants to levy additional taxes on crypto by extending it to gains made from Decentralised Finance (DeFi). After the introduction of the 30% tax and 1% tax deducted at source (TDS), the tax department of India shall scrutinise interests earned on cryptocurrencies from platforms outside of India. The government wishes to […]
2022-5-4 04:00 | |
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Since cryptocurrencies have been classified as taxable assets by the IRS and other financial bodies in other countries, you need to pay taxes on them if you want to abide by the law. However, it can be a daunting task to calculate your taxes in the crypto world, especially since they are very volatile assets.
2021-12-30 15:23 | |
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More taxes may cause short-term volatility, “but long term, you may see more demand for DeFi applications and other collateralized use cases.”
2021-5-1 15:47 | |
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3% of some 350 active users of Kraken have given a somewhat surprising response to what is driving stablecoin adoption. While the vast majority said decentralized finance (defi) or a...
2020-12-2 15:32 | |
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2019’s decentralized finance (DeFi) boom that has led to more than $785 million being locked in crypto assets is giving accountants serious headaches. Antoine Scalie, the CEO of accounting startup Cryptio says complex assets and transactions make it for the accounting to be more difficult.
2020-1-18 00:33 | |
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In their bid to source new customers, crypto exchanges will have to reinvent themselves as more than just trading venues. Hungry for Yield: Giving Users What They Want Decentralized finance (DeFi) has championed a new category of investment in the cryptocurrency industry, as the search for yield in crypto native money markets intensifies.
2020-1-6 00:06 | |
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Are you tired of the hassle and confusion that comes with calculating your crypto taxes? Look no further than Binocs, a crypto tax calculation and accounting platform designed for individuals, institutions, and enterprises in the USA.
As a crypto investor, you are a modern-day alchemist, turning digital bits and bytes into valuable assets. However, with great power comes great responsibility, and in this case, that responsibility is tax liability.
Cryptio is a powerful tool designed to simplify the complex world of crypto taxes. It’s a platform that not only helps you track your crypto transactions but also ensures you stay compliant with global accounting standards.
Introduction In the ever-evolving world of finance, Crypto IRAs are emerging as a modern spin on traditional Individual Retirement Accounts (IRAs). As cryptocurrency continues to gain legitimacy and popularity, it’s no surprise that it’s making its way into our retirement planning.
What is Koinly? Koinly is a London-based software company founded in 2018 that offers crypto tax solutions for digital assets. Used by investors, traders, and accountants worldwide, Koinly is one of the leading companies in the field.
Do you have to pay taxes when transferring cryptocurrency from one wallet to another? No, you won’t experience any tax consequences when transferring your coins between wallets. However, it’s important to note that this only applies in the US – other countries may have different taxation regulations.
For every trader, a cryptocurrency tracker is one of the essential apps that are very useful because they pull information from all your exchanges and crypto wallets, which allows you to quickly see how your entire portfolio is performing at a glance.