Thursday, June 30

Guest post

Crypto Taxes Are On The Way And Personalised Strategies Are The Way To Go
Guest post

Crypto Taxes Are On The Way And Personalised Strategies Are The Way To Go

Cryptocurrency has been facing some of the largest leaps in growth ever since the pandemic started. Bitcoin grew 100% and Ethereum 470%. The next big crypto, Solana has seen an upscale of 13,300% and even Doge the meme coin is up by 49,000%. We all know that big money means big taxes. We can expect taxes soon although the trajectory is not yet known. Cryptocurrency Trading is considered as an investment or an asset just like a stock. Selling assets get the government big profits through taxes particularly if coins are owned for a year or less. The interest that is earned while staking or lending is also taxable. There is no direct calculation for crypto taxation. It depends on how the holders and investors trade, use and so on.  The US government is expecting to raise $28 billion in the...