Tag: Accointing

The crypto world is one vast industry introducing a wide array of benefits every new day, but becoming complicated for new players. For instance, the investors need to have a wallet to start trading and, in some platforms, a minimum amount of crypto assets.  A large scale investor may need multiple wallets to trade in many different crypto assets and earn returns. In addition to wallets, there are exchange platforms necessary in crypto trading. Controlling all these platforms and portfolios…

Tax authorities worldwide try to benefit from the wealth in cryptocurrency with varying degrees of success. Countries like the UK, Israel, Denmark, Switzerland, Argentina, and Bulgaria all have crypto taxation laws in different classifications. Other countries, however, allow their citizens to trade in cryptocurrency with zero taxation. These include Portugal, Germany, Singapore, Malta, and Malaysia.  While countries have made milestones in cryptocurrency taxation, understanding the process is still complicated. Some guidelines are vague or sophisticated, which frustrates crypto users who…