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🇳🇬 NOW: Nigeria requires crypto transactions to be linked to Tax IDs and National IDs.
Follow @AsRealUpdates
$ARC
$ORDI
$IP
#NigerianTraders #CryptoNewss #crypto #tax
Follow @AsRealUpdates
$ARC
$ORDI
$IP
#NigerianTraders #CryptoNewss #crypto #tax
🚨JUST IN: BANKS TARGET INTEREST-PAYING STABLECOINS IN CLARITY ACT
JPMorgan CFO says stablecoins that pay interest are “obviously dangerous and undesirable.”
The Senate Banking Committee has filed 130+ amendments to the crypto market structure draft ; including proposals under the CLARITY Act to ban stablecoin yield entirely and block public officials from profiting from crypto.
Coinbase CEO Brian Armstrong said it: banks are simply trying to block competition. Resistance is futile ; banks will eventually be forced to operate on blockchain rails, not fight them.
Just like Uber was a danger to taxis.
Just like Airbnb was a danger to hotels.
Blockchain is a disruptive technology.
#bank #JPMorgan #tax
JPMorgan CFO says stablecoins that pay interest are “obviously dangerous and undesirable.”
The Senate Banking Committee has filed 130+ amendments to the crypto market structure draft ; including proposals under the CLARITY Act to ban stablecoin yield entirely and block public officials from profiting from crypto.
Coinbase CEO Brian Armstrong said it: banks are simply trying to block competition. Resistance is futile ; banks will eventually be forced to operate on blockchain rails, not fight them.
Just like Uber was a danger to taxis.
Just like Airbnb was a danger to hotels.
Blockchain is a disruptive technology.
#bank #JPMorgan #tax
🚨JUST IN: BANKS TARGET INTEREST-PAYING STABLECOINS IN CLARITY ACT
JPMorgan CFO says stablecoins that pay interest are “obviously dangerous and undesirable.”
The Senate Banking Committee has filed 130+ amendments to the crypto market structure draft ; including proposals under the CLARITY Act to ban stablecoin yield entirely and block public officials from profiting from crypto.
Coinbase CEO Brian Armstrong said it: banks are simply trying to block competition. Resistance is futile ; banks will eventually be forced to operate on blockchain rails, not fight them.
Just like Uber was a danger to taxis.
Just like Airbnb was a danger to hotels.
Blockchain is a disruptive technology.
#bank #JPMorgan #tax
JPMorgan CFO says stablecoins that pay interest are “obviously dangerous and undesirable.”
The Senate Banking Committee has filed 130+ amendments to the crypto market structure draft ; including proposals under the CLARITY Act to ban stablecoin yield entirely and block public officials from profiting from crypto.
Coinbase CEO Brian Armstrong said it: banks are simply trying to block competition. Resistance is futile ; banks will eventually be forced to operate on blockchain rails, not fight them.
Just like Uber was a danger to taxis.
Just like Airbnb was a danger to hotels.
Blockchain is a disruptive technology.
#bank #JPMorgan #tax
Traditional finance is riddled with "middleman friction"—the invisible fees and days of waiting for settlement. @Dusk is deleting those delays. By integrating the Piecrust VM and instant finality, $DUSK allows for the automated execution of complex securities. We are moving from a world of "settlement periods" to "instant realization," effectively redefining how value moves across the globe. #dusk #tax
#Eu DAC8 Framework
Under the DAC8 framework, #digital asset service providers are mandated to disclose client identities and comprehensive transaction records to European #tax administrations. These regulations are designed to foster greater transparency and ensure more robust oversight of the digital asset landscape.
#Write2Earn $USDC
Under the DAC8 framework, #digital asset service providers are mandated to disclose client identities and comprehensive transaction records to European #tax administrations. These regulations are designed to foster greater transparency and ensure more robust oversight of the digital asset landscape.
#Write2Earn $USDC
Japan - Crypto tax 55%
#Japan is really bad when it comes to the crypto market. I think we are the only country that needs to pay crazy capital gains taxes on crypto (with rates maxing out at 55%) - can you imagine you make 1Mil but then government will take more than half of your money. When you lose government won't support anything. can't write off... i
The government really needs to change...
#Japan #仮想通貨 #tax
The government really needs to change...
#Japan #仮想通貨 #tax
President Trump says Americans will see the largest tax refunds ever in 2026.
"Many families will be saving between $11,000 and $20,000 dollars a year."
#TrendingTopic #TRUMP #UsaElections #usa #tax $XRP
$BNB
"Many families will be saving between $11,000 and $20,000 dollars a year."
#TrendingTopic #TRUMP #UsaElections #usa #tax $XRP
$BNB
If you bought 1 #Bitcoin at $126,000 and the price drops to $88,000, don't just panic—tax-loss harvest.
Sell your 1 $BTC at $88k.
Rebuy 6 seconds later.
The Result: You still hold 1 full Bitcoin, but you’ve "realized" a $38,000 capital loss.
In many regions, this loss can offset your other capital gains, potentially saving you thousands in taxes. 🧠
Disclaimer. Many users in the US are currently exempt from "Wash Sale" rules on crypto, but users in the UK or Ireland have a "30-day rule" that makes this specific 6-second trick invalid for taxes.
#bitcoin #crypto #tax #trandingtopic
Sell your 1 $BTC at $88k.
Rebuy 6 seconds later.
The Result: You still hold 1 full Bitcoin, but you’ve "realized" a $38,000 capital loss.
In many regions, this loss can offset your other capital gains, potentially saving you thousands in taxes. 🧠
Disclaimer. Many users in the US are currently exempt from "Wash Sale" rules on crypto, but users in the UK or Ireland have a "30-day rule" that makes this specific 6-second trick invalid for taxes.
#bitcoin #crypto #tax #trandingtopic
#tax
Countries with 0% Crypto Tax:
🇦🇪 UAE — 0% tax
🇨🇾 Cyprus — 0% tax
🇵🇹 Portugal — 0% tax
🇵🇦 Panama — 0% tax
🇸🇬 Singapore — 0% tax
🇲🇹 Malta — 0% tax
🇧🇧 Barbados — 0% tax
🇧🇲 Bermuda — 0% tax
🇰🇾 Cayman Islands — 0% tax
🇭🇰 Hong Kong — 0% tax
🇲🇺 Mauritius — 0% tax
🇻🇺 Vanuatu — 0% tax
🇬🇮 Gibraltar — 0% tax
🇱🇮 Liechtenstein — 0% tax
🇸🇰 Slovenia — 0% tax
🇨🇭 Switzerland — 0% tax
🇺🇾 Uruguay — 0% tax
🇸🇻 El Salvador — 0% tax
🇵🇷 Puerto Rico — 0% tax
Countries with 0% Crypto Tax:
🇦🇪 UAE — 0% tax
🇨🇾 Cyprus — 0% tax
🇵🇹 Portugal — 0% tax
🇵🇦 Panama — 0% tax
🇸🇬 Singapore — 0% tax
🇲🇹 Malta — 0% tax
🇧🇧 Barbados — 0% tax
🇧🇲 Bermuda — 0% tax
🇰🇾 Cayman Islands — 0% tax
🇭🇰 Hong Kong — 0% tax
🇲🇺 Mauritius — 0% tax
🇻🇺 Vanuatu — 0% tax
🇬🇮 Gibraltar — 0% tax
🇱🇮 Liechtenstein — 0% tax
🇸🇰 Slovenia — 0% tax
🇨🇭 Switzerland — 0% tax
🇺🇾 Uruguay — 0% tax
🇸🇻 El Salvador — 0% tax
🇵🇷 Puerto Rico — 0% tax
Managing Your Crypto Taxes: A Beginner's Guide with Binance
Cryptocurrency transactions, including trading, staking, and earning rewards, are taxable events in most countries. As tax season approaches, properly reporting your crypto activity is crucial to avoid penalties. Fortunately, exchanges like Binance provide tools to simplify the process.
Why Crypto Taxes Matter?
Every time you trade one crypto for another, sell crypto for fiat (like USD), or earn interest, you likely create a tax liability. Authorities are increasingly tracking crypto activity, making accurate reporting essential.
Using Binance’s Tax Reporting Tool
Binance offers a built-in Tax Reporting Tool to help users generate transaction summaries. Here’s how to use it:
Step 1: Access the Tool
Log into your Binance account. On the desktop site, click "Wallet" in the top menu, then select "Tax" from the dropdown.
Step 2: Generate Your Report
The tool dashboard will show an overview. Click "Generate Report." You can select the fiscal year (e.g., 2023) and your reporting country to apply relevant tax rules.
Step 3: Review & Download
Binance will compile your taxable transactions: trades, earnings, payments, and more. Once ready, you can download the report as a CSV or PDF file. This document summarizes your gains, losses, and income.
Important Tips for Crypto Tax Management
1. Keep Records: Use the Binance tool, but also maintain your own records of deposits, withdrawals, and external wallet transactions.
2. Understand Your Country’s Rules: Tax laws vary. Some countries have capital gains taxes, others have income-based taxes. Consult a tax professional if unsure.
3. Report All Income: Don’t forget non-trading activities like staking rewards, Binance Earn interest, or NFT purchases—these are often taxable.
4. Start Early: Don’t wait until the deadline. Gathering data takes time, especially if you use multiple wallets or exchanges.
Beyond Binance’s Tool
For complex portfolios across multiple platforms, consider dedicated crypto tax software (like Koinly, CoinTracker) that can integrate your Binance report with data from other sources.
Final Thought
While Binance’s tool provides a strong foundation, crypto taxation can be intricate. Use the generated report as a starting point, and seek expert advice to ensure full compliance. Staying organized and proactive is the key to a stress-free tax season.
Disclaimer: This article is for informational purposes only and does not constitute tax advice. Please consult a qualified tax professional for guidance specific to your situation.
#tax #BinanceSquareFamily
Why Crypto Taxes Matter?
Every time you trade one crypto for another, sell crypto for fiat (like USD), or earn interest, you likely create a tax liability. Authorities are increasingly tracking crypto activity, making accurate reporting essential.
Using Binance’s Tax Reporting Tool
Binance offers a built-in Tax Reporting Tool to help users generate transaction summaries. Here’s how to use it:
Step 1: Access the Tool
Log into your Binance account. On the desktop site, click "Wallet" in the top menu, then select "Tax" from the dropdown.
Step 2: Generate Your Report
The tool dashboard will show an overview. Click "Generate Report." You can select the fiscal year (e.g., 2023) and your reporting country to apply relevant tax rules.
Step 3: Review & Download
Binance will compile your taxable transactions: trades, earnings, payments, and more. Once ready, you can download the report as a CSV or PDF file. This document summarizes your gains, losses, and income.
Important Tips for Crypto Tax Management
1. Keep Records: Use the Binance tool, but also maintain your own records of deposits, withdrawals, and external wallet transactions.
2. Understand Your Country’s Rules: Tax laws vary. Some countries have capital gains taxes, others have income-based taxes. Consult a tax professional if unsure.
3. Report All Income: Don’t forget non-trading activities like staking rewards, Binance Earn interest, or NFT purchases—these are often taxable.
4. Start Early: Don’t wait until the deadline. Gathering data takes time, especially if you use multiple wallets or exchanges.
Beyond Binance’s Tool
For complex portfolios across multiple platforms, consider dedicated crypto tax software (like Koinly, CoinTracker) that can integrate your Binance report with data from other sources.
Final Thought
While Binance’s tool provides a strong foundation, crypto taxation can be intricate. Use the generated report as a starting point, and seek expert advice to ensure full compliance. Staying organized and proactive is the key to a stress-free tax season.
Disclaimer: This article is for informational purposes only and does not constitute tax advice. Please consult a qualified tax professional for guidance specific to your situation.
#tax #BinanceSquareFamily
🇺🇸 The White House confirms President Trump supports removing tax on $BTC and crypto transactions.😱🚀
$BULLA
#whitehouse #TRUMP #BTC #tax
$BULLA
#whitehouse #TRUMP #BTC #tax
The government when you lose money in crypto:
I told you it's risky and volatile🤯
The government when you make profit in crypto🤑🤑
TAX😅
#XSuperApp #tax #CryptocurrencyWealth
$ETH $MASK $BMT
I told you it's risky and volatile🤯
The government when you make profit in crypto🤑🤑
TAX😅
#XSuperApp #tax #CryptocurrencyWealth
$ETH $MASK $BMT
Trump Highlights Challenges in U.S.-Europe Trade Relations
According to BlockBeats, U.S. President Donald Trump has stated that while relations with Europe remain positive, the trade situation is challenging. Europe has imposed heavy taxes and has taken legal action against American companies. The continent has maintained a firm stance on trade issues.
#tax #Europe #TRUMP
#tax #Europe #TRUMP
See original
A new escalation in the trade war.. Trump signs tariff letters for 12 countries! 🚨 $BANANAS31 $BTC $SOL
In a new escalatory move, President Donald Trump announced that he personally signed letters imposing new tariffs targeting 12 countries around the world. 🇺🇸
He confirmed that these official letters will be sent on Monday, turning threats into tangible reality, putting the world on alert for the reactions of the targeted countries.
#TRUMP #tax #BTCWhaleMovement #NFPWatch #BTC
In a new escalatory move, President Donald Trump announced that he personally signed letters imposing new tariffs targeting 12 countries around the world. 🇺🇸
He confirmed that these official letters will be sent on Monday, turning threats into tangible reality, putting the world on alert for the reactions of the targeted countries.
#TRUMP #tax #BTCWhaleMovement #NFPWatch #BTC
In the Indian tax system, can crypto futures losses be set off against crypto futures profits? (while filing tax)
What's your view..??
#Binance #CryptoTaxation #tax #BTC #ETH
What's your view..??
#Binance #CryptoTaxation #tax #BTC #ETH
🇮🇳#India to #Tax Offshore Crypto from 2027
From April 1, 2027, India will implement the OECD’s Reporting #Framework (CARF).
This means offshore crypto holdings of Indian residents will come under the tax net.
From April 1, 2027, India will implement the OECD’s Reporting #Framework (CARF).
This means offshore crypto holdings of Indian residents will come under the tax net.
🚨FM #NirmalaSitharaman applauds #Indian 🇮🇳 Retail Investors as they are keeping market upbeat after #FII pull out from Indian market.💰
Maybe it’s time for some #tax cuts for investors FM.
Maybe it’s time for some #tax cuts for investors FM.
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