Cryptocurrency Q&A

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Federico Federico Sat Mar 30 2024 | 7 answers 1373

Does Binance contact HMRC?

I am rather puzzled by this matter. Given the complexity and sometimes controversial nature of cryptocurrencies, it seems plausible that HMRC, being a tax and revenue authority, would want to stay up-to-date on any transactions that might have tax implications. However, Binance, being a leading cryptocurrency exchange, would presumably have its own set of regulations and compliances to adhere to. So, does Binance indeed contact HMRC to ensure compliance with tax regulations? Or is there another layer of intermediaries or authorities involved? This question is particularly relevant given the recent surge in popularity of cryptocurrencies and the need for clarity on tax implications.

Does Binance contact HMRC?
Martina Martina Sat Mar 30 2024 | 7 answers 1356

Do you only pay tax on crypto when you cash out UK?

I'm a bit confused about the tax rules surrounding cryptocurrencies in the UK. Do I only have to pay tax on my crypto assets when I cash them out or convert them into fiat currency? Or am I taxed on the value of my crypto holdings every year, regardless of whether I sell them? Also, how does the UK government determine the taxable value of crypto assets, given that their value can fluctuate wildly? And what about trading crypto for other crypto assets - does that trigger a tax liability? I'd appreciate it if you could clear up these points for me.

Do you only pay tax on crypto when you cash out UK?
Thunderbolt Thunderbolt Sat Mar 30 2024 | 6 answers 984

Is it safe to keep crypto in one wallet?

Excuse me, I'm quite new to the world of cryptocurrencies. I've been hearing a lot about digital wallets and how they're used to store crypto assets. But I'm a bit concerned about security. Is it really safe to keep all my crypto in one wallet? Won't that make me a target for hackers or other malicious actors? What are the best practices for managing crypto wallets to ensure security? Thank you for your time and expertise.

Is it safe to keep crypto in one wallet?
CryptoLodestar CryptoLodestar Sat Mar 30 2024 | 7 answers 1370

Is Coinbase in trouble?

I've heard some rumors about Coinbase recently. Is the company really in trouble? I've been using their services for a while and I'm quite concerned about the safety of my investments. Have there been any security breaches or issues with their operations? I'm also curious about the regulatory environment for cryptocurrencies in general. Are there any new developments or changes that could affect Coinbase's business? Could you please provide some insight into this matter?

Is Coinbase in trouble?
SsangyongSpirit SsangyongSpirit Sat Mar 30 2024 | 5 answers 1027

What is the most popular crypto exchange in France?

Bonjour, I am quite interested in the world of cryptocurrency and I am considering investing. Could you please tell me what is the most popular crypto exchange in France? I am looking for a platform that is reliable, secure, and user-friendly. Could you also recommend any specific features or services that I should look out for when choosing a crypto exchange? Merci beaucoup pour votre aide!

What is the most popular crypto exchange in France?

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