Cryptocurrency Q&A
Bitcoin - How much is tax-free?
Bitcoin - How much is tax-free?
CryptoQueenBee
Sun Dec 08 2024
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5 answers
1430
I'm wondering about the tax-free amount for Bitcoin. How much Bitcoin can I own or earn without having to pay any taxes on it? I'd like to understand the tax implications of holding or transacting with Bitcoin.
5 answers
mia_rose_lawyer
Tue Dec 10 2024
In the realm of virtual currency trading, tax implications are an important consideration.
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Eleonora
Tue Dec 10 2024
For individuals earning a profit of 200,000 yen or more from buying and selling virtual currency, income tax will be applicable. This regulation ensures that those who engage in such transactions and realize significant gains are subject to taxation.
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DigitalDynasty
Mon Dec 09 2024
It's worth noting that the taxation threshold differs for certain categories of individuals. Students, housewives, and those financially supported by others are exempt from taxation on virtual currency profits until they reach a threshold of 330,000 yen.
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SkyWalkerEcho
Mon Dec 09 2024
This exemption reflects a recognition of the financial circumstances of these groups and their potential limited engagement in virtual currency trading.
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Rosalia
Mon Dec 09 2024
Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive services. BTCC offers a range of services including spot trading, futures trading, and a wallet service. These services cater to the diverse needs of virtual currency traders, from those looking to buy and sell immediately to those interested in more advanced trading strategies.
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