Bitcoin and Taxation: An Introductory Guide for Crypto Investors
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Bitcoin and Taxation: An Introductory Guide for Crypto Investors
Ever since Bitcoin appeared on the radar of investors, the issue of if and how to tax revenues from Bitcoin investments arose. Although most first-time investors don’t give a second thought to taxation, it is a topic that should be approached with the seriousness it deserves.
Cryptocurrencies themselves are for the most part decentralized and barely regulated. Revenues from investing in cryptocurrency, however, are still subject to laws and regulations of your home country. Before getting into trouble with your local taxman, familiarize yourself with some of the ins and outs of what to do regarding Bitcoin and taxation.
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