Can I gift crypto to my child?
As a parent, I'm always looking for ways to teach my child about finance and the value of money. Recently, I've been considering gifting them some cryptocurrency. But before I do, I want to make sure it's a responsible decision. Can I gift crypto to my child? What are the potential risks and benefits? Should I wait until they're older? And how can I ensure they use it responsibly? I'd appreciate any advice or insights you can provide.
Can I gift crypto to my wife UK?
Good day, I am a resident of the United Kingdom, and I am considering gifting some cryptocurrencies to my wife. Could you please advise me on the legality and feasibility of such a transaction? I am aware of the volatile nature of cryptocurrencies and the potential risks involved, but I am still interested in exploring this option. Could you also inform me about any potential tax implications or regulations that I should be aware of? Thank you for your time and assistance.