Do I pay taxes when I send Bitcoin?

Tax authorities globally have differing opinions and regulations regarding virtual currencies. However, the consensus is that transactions without a transfer of ownership do not trigger taxable events.

BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services that cater to various needs of traders and investors. Its services include spot trading, futures trading, and a secure wallet solution.

Virtual currency transfers within one's own possession are generally considered non-taxable events. This applies when you move your digital assets from one wallet, address, or account that you own, to another that is also under your control.

Despite the occurrence of such transfers, receiving an information return from an exchange or platform does not automatically alter the non-taxable nature of the event. The information return is merely a notification of the transaction's details.

It's crucial to understand that tax liability arises when there's a change in ownership or control of virtual currency. In the scenario described, there's no such change, hence no tax implications.