Cryptocurrency Q&A
Is it legal to pay people in crypto?
Is it legal to pay people in crypto?
Alessandra
Sat Dec 07 2024
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7 answers
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I'm wondering if it's legally acceptable to make payments to people using cryptocurrency. I want to know if there are any legal restrictions or implications when it comes to using crypto as a form of payment.
7 answers
BusanBeautyBloom
Mon Dec 09 2024
The amount of capital gains tax payable depends on the difference between the selling price and the original fair market value at the time of receipt.
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Martino
Mon Dec 09 2024
Cryptocurrency, as a form of compensation, presents unique tax implications that both employers and employees need to be aware of.
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CryptoPioneer
Mon Dec 09 2024
Employees are liable to pay income tax on the fair market value of the cryptocurrency upon receiving it.
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WhisperWind
Mon Dec 09 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of both individuals and businesses involved in the crypto space.
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BlockchainBaron
Mon Dec 09 2024
This tax obligation arises regardless of whether the cryptocurrency is immediately sold or held onto for future use.
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