CryptoTitaness
Sun Jun 09 2024
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7 answers
1560
Is bitcoin halal or haram?｜Islamic banking laws are also anti-interest so the technology, pricing, and buying and selling of cryptocurrency money is deemed halal by many Islamic scholars who rely on the teachings of Prophet Muhammad PBUH when seeking guidance about permissibility ( ultimately, only Allah knows best).
Could you please elaborate on whether Bitcoin is considered halal or haram in Islamic law? Islamic banking principles frown upon interest, so I'm curious about how Islamic scholars view the technology, pricing, and transactions involved in cryptocurrency. Given that these scholars often rely on the teachings of Prophet Muhammad for guidance on such matters, what is the general consensus among them? Ultimately, of course, the ultimate judgment lies with Allah, but it would be helpful to understand the current scholarly opinion.
Leonardo
Sun Jun 09 2024
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6 answers
1675
How is cryptocurrency reported to the IRS?｜For example, an investor who held a digital asset as a capital asset and sold, exchanged or transferred it during 2023 must use Form 8949, Sales and other Dispositions of Capital Assets, to figure their capital gain or loss on the transaction and then report it on .Schedule D (Form 1040), Capital Gains and Losses
Could you please explain how cryptocurrency transactions are reported to the IRS? As an example, let's say an investor held a digital asset as a capital asset and made transactions, such as selling, exchanging, or transferring it in 2023. Would they need to use Form 8949 to calculate their capital gains or losses from these transactions? And then, how should they proceed to report this information on Schedule D (Form 1040) for Capital Gains and Losses?
Dario
Sun Jun 09 2024
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6 answers
1108
Is Ethereum Legal in Germany?｜According to the laws of the country, everyone has the right to buy and sell cryptocurrency, own it and profit from capitalization. You can also run a crypto business. There are no obstacles to buying Ethereum in Germany
Is it permissible to engage in Ethereum transactions in Germany? Given the regulations of the nation, are individuals allowed to freely purchase and sell cryptocurrencies, possess them, and capitalize on their value? Furthermore, is it legally permissible to operate a crypto-related business? Are there any hindrances or restrictions that prohibit the purchase of Ethereum within Germany?
KimchiQueenCharmingKiss
Sun Jun 09 2024
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7 answers
1607
Can I cash out crypto in the UAE?｜.You can sell your cryptocurrency for cash by finding a local buyer through peer-to-peer (P2P) platforms like SUID or using a cryptocurrency ATM if available
Can I cash out crypto in the UAE? This question is one that many crypto investors in the United Arab Emirates may ponder. The answer is yes, you can indeed convert your cryptocurrency into cash in the UAE. One way to achieve this is by finding a local buyer through peer-to-peer (P2P) platforms like SUID. These platforms allow you to connect with individuals who are interested in purchasing your crypto holdings for cash. Alternatively, if there are cryptocurrency ATMs available in your area, you can utilize these machines to sell your crypto and receive cash in return. Both methods provide convenient options for cashing out your cryptocurrency in the UAE.
Eleonora
Sun Jun 09 2024
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5 answers
1058
Which bank allows cryptocurrency in UAE?｜is another institution in Dubai that has shown interest in the crypto space. It has partnered with various fintech firms to integrate blockchain technology into its operations, enhancing its service offerings.Mashreq Bank
Which bank in the UAE has demonstrated a keen interest in cryptocurrency? I've heard rumors that a Dubai-based institution has been actively exploring the crypto space. It seems they've even gone ahead and forged partnerships with several fintech companies to integrate blockchain technology into their daily operations, effectively upgrading their service portfolio. Could you possibly be referring to Mashreq Bank? If so, how has the bank been incorporating crypto into its services? And what kind of impact has this integration had on their business?
