@starving thanks for the read and comment. I appreciate the interest and support.
The good news is not every country is following the lead of the US regarding taxation on cryptocurrencies. The bad news is if you are a US citizen using foreign exchanges for trading, you may be required to disclose all accounts with aggregate trades and value in excess of $10,000 on an FBAR in addition to disclosing them on an annual income tax return.
As I said earlier, I'm not promoting a viewpoint, I'm simply providing information.
@starving thanks for the read and comment. I appreciate the interest and support.
The good news is not every country is following the lead of the US regarding taxation on cryptocurrencies. The bad news is if you are a US citizen using foreign exchanges for trading, you may be required to disclose all accounts with aggregate trades and value in excess of $10,000 on an FBAR in addition to disclosing them on an annual income tax return.
As I said earlier, I'm not promoting a viewpoint, I'm simply providing information.