What happened this week in the markets? 🎯 📰 Amazon Shareholders Propose Allocating 5% of Reserves to Bitcoin 📰 Bitcoin Briefly Dips Below $95K Before Surging 📰 Ripple’s RLUSD Stablecoin Receives Approval from New York Regulator 📰 Hong Kong to Expedite Crypto Licensing Amid Intensifying Global Competition ➕ Topic of the Week: IPOs, ICOs, and STOs – What’s the Difference?
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Program Support Specialist at U.S. Department of State
5dGood morning, I recommend you consider addressing the point of taxes – international, national, state or province, city, and/or local - which I have not seen in any news reports, commentaries, nor editorials. In particular, the following points (1) What are – would or could be - the implications if an investor sells crypto currency at a net loss or a net gain? (2) What are the tax repercussions if a citizen buys or sells cryptocurrency at a net loss or net profit from a foreign country/market? (3) Will any e-item – a.k.a. a baseball card trade - that could be attached to cryptocurrency or blockchain - have any positive or negative or positive tax impact? (4) Have any government begun to develop/draft/have any tax laws or related regulations about cryptocurrency taxes? In short, if any cryptocurrency is the future of investing and not another “Tulip Mania” episode in the 17th century then the financial world must address the tax issue related to any expanded investing in cryptocurrency.