KabukiPassion
Sat Mar 30 2024
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7 answers
1827
Do you only pay tax on crypto when you sell?
So, I've been hearing a lot about cryptocurrencies lately, and I'm starting to get interested. But one thing that's been confusing me is taxes. Do you only pay tax on crypto when you sell it? Or do you have to pay taxes on it every year, like with other investments? And how does the government even know how much crypto you have? I've heard about people using crypto to avoid taxes, is that true? And if so, how does that work? I'm just trying to wrap my head around all this new and complex stuff. Could you explain it to me like I'm five?
Raffaele
Sat Mar 30 2024
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7 answers
1472
Which UK banks have banned cryptocurrency?
I'm quite interested in the recent news about UK banks banning cryptocurrency. Could you please tell me which banks have taken this decision? I'm particularly interested in knowing their reasoning behind this move. Also, I'm curious about how this ban might affect the cryptocurrency market in the UK and globally. Could you provide some insights into the potential implications of this decision?
henry_grayson_lawyer
Sat Mar 30 2024
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6 answers
1491
Where is Sam Bankman Fried from?
Excuse me, I have a question regarding Sam Bankman Fried. Could you tell me where he hails from? I'm quite fascinated by his journey in the cryptocurrency and finance world and am keen on understanding more about his background. His rise to prominence in this industry has been quite remarkable, and I'm curious to know what inspired him to pursue this path. Could you enlighten me on his origins and how he got started in this fascinating field?
Chiara
Sat Mar 30 2024
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5 answers
453
Canada, North Korea, Cuba, Iran, Uzbekistan, Russian-controlled regions of Ukraine (currently including the ...Bybit does not offer services or products to Users in a few excluded jurisdictions including the United States, the United Kingdom
Questioner's Tone: Curious and Inquisitive "I'm somewhat perplexed by the list of excluded jurisdictions mentioned in this paragraph. Could you please elaborate on why Canada, North Korea, Cuba, Iran, Uzbekistan, and Russian-controlled regions of Ukraine are excluded from Bybit's services? Is it due to specific regulations or legal constraints in those regions? Additionally, why are the United States and the United Kingdom also excluded? Are there any other countries or regions that Bybit does not offer services to? Could you provide a more comprehensive list or any additional context that would help me understand the reasoning behind these exclusions?
Eleonora
Sat Mar 30 2024
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7 answers
979
Can you cash out crypto for cash?
Excuse me, I'm quite new to the world of cryptocurrencies. Could you possibly enlighten me on a matter? I've been hearing a lot about digital currencies like Bitcoin and Ethereum, and I'm quite intrigued. One question that's been bugging me is, can I actually convert these cryptocurrencies into cash? If so, how does the process work? Are there any fees or restrictions involved? And, importantly, is it safe to do so? I'd appreciate it if you could provide a detailed explanation. Thank you in advance for your time and assistance.
