Sentences with phrase «taxable cryptocurrency assets»

Not exact matches

For such a volatile asset, it might be better to invest in cryptocurrency through a taxable brokerage account, said Hui - chin Chen, a certified financial planner at Pavlov Financial Planning.

Israel has confirmed that it will treat cryptocurrencies as taxable assets in a new circular published on Monday.

The issue of taxation and cryptocurrencies has always been someone of a contentious topic, ever since the U.S. Internal Revenue Service announced in 2014 that it would treat such assets as a taxable form of property rather than, say, a currency.

Seeing the rise in value of Blockchain assets in the last month, a vast range of cryptocurrency users is expected to make a taxable income in the year 2017.

Crypto investors aren't exempt from taxation: The U.S. tax authority has already provided a guideline for cryptocurrency taxation; they believe cryptocurrency transactions are taxable and these currencies should be treated as an intangible asset.