How is a cryptocurrency taxed?

Category: Finance

Do you own cryptocurrency, trade or Buy/sell? If you respond yes, you need to grasp the financial regulations around taxation of cryptocurrency and how unnecessary legal challenges can be avoided. In this article, we discussed the taxation of cryptocurrency and more. Is it taxed or not? Is crypto has taxed or not, the answer is: YES. You are responsible to pay taxes (cryptocurrency taxes )by using or owning(cryptocurrency to invest in) any cryptocurrency. The currency crypto rules and regulations are still under progress, as they are a relatively new addition to the financial industry. This is why many countries still have confusing tax regulations on whether and if so, how much you have to pay taxes.