The relationship between cryptocurrency operators and regulators has always been inherently tense. While most of the major economies have tacitly given legal acceptance to certain cryptocurrency-related activities by taxing them, the regulatory risk is still very real in many jurisdictions.
At this point in the evolution of cryptocurrency, the sector is as vulnerable to seismic world events as almost any other. The markets are one factor to consider, as the price of Bitcoin has proven somewhat vulnerable to broader volatility. However, there are also more fundamental questions around cryptocurrency’s role in this unprecedented crisis.
Many traders may have become caught up in the NFT hype without considering that the taxman may eventually be interested in their activities. So now that tax season has arrived for many, what’s the current tax situation for NFTs, and what do traders need to do?
By any measure, 2021 was a historic year for the digital asset industry and one that will go down in memory for having broken new ground in several crucial areas.
In June 2021, the government of El Salvador passed a historic bill that would allow the country to adopt Bitcoin as legal tender.
Coined, the halving, this event is a core part of the Bitcoin code and is scheduled to occur multiple times throughout Bitcoin’s existence.
The start of 2020 has been one for the history books. COVID-19, or the novel COronaVIrus Disease, has rapidly infiltrated almost every
Bitcoin’s effect on the environment has been a hotbed of discussion, dating almost all of the way back to when the cryptocurrency first launched 2009.
Apply to become a guest writer for skalex to share your expertise and thought leadership on our website.
© Copyright 2022 skalex GmbH
Company reg. no. HRB 778965
PRIVACY STATEMENT | LEGAL & CONTACT DETAILS
