You are viewing a single comment's thread from:RE: My HIVE GOALs - Powered Up 80K+ HP this Month to Reach 200K+ HP - What NeXt?View the full contextView the direct parentweb3creative (61)in LeoFinance • 2 months ago No tax on intergallactic, p2p,magic freedom money. Stay digital.
Sounds fun, but tax rules dont vanish in space 🙂
In many places, on chain swaps, staking rewards and HBD interest can be taxable income, so keep recrods and check your local rules.
Stay digital, sure, just don't assume it’s magic fredeom money.
I pay local taxes on goods and services paid in local fiat currency when the banking system us used.
If I don't use fiat on ramps or off ramps, I'm effectively not participating in any economic activity that is taxable in this jurisdiction.
Local rules don't vanish, they just don't apply to assets that are outside of its jurisdiction and cannot be tied to my identity.
Also, I lost all my cryptocurrency in an unfortunate boating accident.