Carlo
Sat Mar 30 2024
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7 answers
1514
Why can't i buy crypto with Monzo?
I'm a bit puzzled. I've been trying to buy some cryptocurrencies with my Monzo account, but it seems like I can't do it. Can you explain why? I've heard that other banks allow their customers to buy crypto, so why is Monzo different? Is there some sort of policy or regulation that prevents this? Or is it just a technical issue that needs to be fixed? I'd really like to know the answer to this, as crypto is something that interests me a lot. Thank you for your help!
SumoStrength
Sat Mar 30 2024
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7 answers
1393
What crypto does Santander allow?
I'm curious to know which cryptocurrencies Santander allows for transactions or investments. As a leading bank in the financial industry, I assume Santander has a well-defined policy regarding cryptocurrencies. Could you please elaborate on which cryptos are acceptable, any restrictions or limitations that apply, and the reasons behind these choices? Additionally, I'm interested to know if Santander offers any specific services or products related to cryptocurrencies, such as trading platforms or custodial services. Thank you for your time and assistance.
SumoPower
Sat Mar 30 2024
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5 answers
922
How do you cash out millions in crypto?
So, you're a crypto expert. I've been hearing a lot about people making millions overnight with cryptocurrencies. But what I really want to know is, how do they actually cash out those millions? What's the process? Do they just sell their coins on an exchange and transfer the funds to a bank account? Or is there more to it? I've heard stories of people getting into trouble because they didn't handle the cashout correctly. Can you shed some light on this for me? I'm really curious to know how the whole process works.
Federico
Sat Mar 30 2024
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5 answers
919
Can I not report crypto?
Can I not report crypto?" This question seems to come from someone who is new to the world of cryptocurrency and finance. As a professional practitioner in this field, I would like to clarify that it is indeed possible to report crypto transactions and holdings. However, the specific reporting requirements may vary depending on the region and jurisdiction. Reporting crypto activities is important for tax purposes and compliance with financial regulations. It helps authorities to track and monitor the flow of funds and ensure that taxes are paid correctly. It also provides transparency and accountability in the crypto market, which is crucial for its healthy development. If you have crypto assets or have engaged in crypto transactions, it is advisable to consult with a tax or legal expert in your jurisdiction to understand the specific reporting requirements. This will help you comply with the law and avoid any potential issues. Remember, it is always better to be proactive and transparent when it comes to reporting crypto activities. This not only protects you from legal troubles but also contributes to the overall health and stability of the crypto industry.
Federico
Sat Mar 30 2024
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5 answers
984
How much crypto is tax free in a year in UK?
I am a UK resident and I am quite interested in investing in cryptocurrencies. However, I am confused about the tax regulations regarding cryptocurrencies in the UK. Could you please clarify the tax-free limit for cryptocurrencies in a year in the UK? Also, could you provide some insight into how the taxes on cryptocurrencies are calculated and any other relevant information that I should be aware of?
