3speak video : Taxable crypto activities and non taxable crypto activities

This is important matter for those who are living in united states, australia, japan, united kingdom and france.

Crypto classified as a property in United kingdom and australia, legal method of payment in japan, asset or private money in united kingdom and a movable property in france.

So if you are living in above mentioned countries then you have to pay tax on following activities:

• When you exchange your crypto currency for another crypto currency

• When you sell your crypto assets for fiat such as USD, AUD, GBP JPY, EUR ETC.

• Paying for goods and services through crypto

• You are making money in crypto. For example you are giving service and taking charge in crypto or you are mining bitcoin or other crypto. so this type of earning is also countable in tax.
  
  
  

So guys above i have shared taxable crypto activities and here i am gonna share now non-taxable crypto activities.

• Giving gift to your relative or friend in crypto is not applicable for tax counting.

• Donating your crypto funds to non-taxable charity organization or group is also not applicable for tax.

• Sending crypto currency between two exchanges or one wallet to other wallet.

So these activities are non-taxable. So if you have any confusion then remove it now.

○ Stay safe & have a wonderful day ahead !

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