Sentences with phrase «sell virtual assets»

The RBI's decision could deal a death blow to India - based exchanges that facilitate trade in cryptocurrencies such as bitcoin and ethereum as people won't be able to use money in their bank accounts or digital wallets to buy or sell these virtual assets.

Not exact matches

For example, things like stocks, bonds, and other investment property are capital assets, so if you receive virtual currency from selling these items, you will be taxed on the capital gains / loss.

Nonetheless, National Bank Direct Brokerage's move to drop commissions on ETF buying and selling might still mean a shakeup of Virtual Brokers» pricing is in the cards not too long from now, especially since CI Financial owns ETF provider First Asset.

The Tokens could be deemed from time to time as a virtual commodity, a digital asset or even as money, securities or currency in various jurisdictions and therefore could be prohibited from being sold, purchased, traded, distributed or held in certain jurisdictions pursuant to local regulations.

Earning or trading virtual currencies in video games is also a popular occupation; the archetype of a «Chinese gold farmer» collecting in - game assets in massively multiplayer online games to sell for profit is quite real.

It also gives players the ability to freely buy, sell or exchange virtual assets without ties to company servers.

The IRS requires investors to submit records showing every time they sold or spent their virtual currency assets.

Unlike stocks, which are straightforward buy - and - sell transactions, pretty much any disposition of virtual currency assets is a taxable event.

If you held a cryptocurrency asset for less than one year before selling it or swapping it for a different virtual currency, you are taxed at your ordinary income tax rate.

Separately, Stripe said Bitcoin users now saw the virtual currency largely as an «asset» to be bought and sold, rather than something a means of exchange.

Although the app's primary focus is the buying and selling of in - game video game assets, other virtual goods — like event e-tickets — can be bought and sold on the platform as well.