Dario
Wed Jul 10 2024
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7 answers
1556
Why was bitcoin swapping a scam?
Could you elaborate on why Bitcoin swapping was deemed a scam? I've heard stories of people losing significant sums of money through this process, but I'm not entirely clear on the specifics. Was it due to fraudulent practices by individuals or organizations? Were there technical vulnerabilities in the swapping platforms that allowed for exploitation? Did the lack of regulation in the crypto market contribute to this problem? I'm curious to understand the underlying reasons behind these scams and how investors could potentially protect themselves in the future.
GemmaTaylor
Mon Jun 17 2024
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5 answers
615
Is swapping ETH for rETH a taxable event?
Could you please elaborate on whether the act of swapping ETH for rETH constitutes a taxable event? I'm trying to understand the tax implications associated with this type of transaction in the cryptocurrency space. Could you provide some clarity on how this transaction is taxed, and if there are any specific rules or regulations that apply? It would be helpful to know if this is treated as a taxable event in most jurisdictions, and if so, what the general tax treatment is. Thank you for your assistance in clarifying this matter.
charlotte_wright_coder
Sat Mar 30 2024
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7 answers
1299
Is swapping crypto taxable?
Hello, I am a crypto investor and I would like to know if swapping cryptocurrencies is taxable. I understand that buying and selling cryptocurrencies is taxable, but I'm not sure about swapping. Could you please clarify this for me? Also, if swapping is taxable, how should I calculate the tax on it? Should I consider the difference between the swapped cryptocurrencies' market values as taxable income? Or should I calculate it based on some other metric? Thank you for your help.
