Alessandra
Sat Jun 08 2024
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5 answers
840
Is crypto an asset in Australia?｜(investors acquire and hold crypto assets to make a financial profit from holding or disposing of them). As a general rule, for investors: crypto assets are taxed as CGT assets, including for self-managed super funds (SMSFs) investing in crypto assets.The most common use of crypto assets is as an
Could you clarify for me if cryptocurrencies are considered assets in Australia? I've heard that investors acquire and hold crypto assets in order to generate financial profits, either by holding them or disposing of them. Does this mean they're taxed similarly to other assets? I'm particularly interested in understanding how crypto assets are taxed within self-managed super funds (SMSFs). Are there any specific regulations or tax treatments for SMSFs investing in crypto assets? Also, what are the most common ways investors utilize crypto assets?
Chloe_jackson_athlete
Sat Jun 08 2024
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6 answers
1257
What crypto assets are approved by Hong Kong?
I don't understand this question. Could you please assist me in answering it?
CryptoEnthusiast
Sat Jun 08 2024
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5 answers
1156
Do Saudis own Bitcoin?｜As of May 2022, 3 million Saudi Arabians, which form 14 percent of the adult population aged between 18 and 60, were either current owners of crypto assets or had traded them in the previous six months, a survey by KuCoin exchange revealed.
Do Saudis actually possess Bitcoin? The KuCoin exchange has released some intriguing data. It seems that, as of May 2022, approximately 3 million Saudis - accounting for a noteworthy 14 percent of the adult population aged between 18 and 60 - have either held crypto assets or engaged in trading them within the past six months. Is this a significant figure? Does it reflect a widespread acceptance or merely a niche interest? And what types of crypto assets are Saudis primarily investing in? Bitcoin, specifically, or perhaps other altcoins? This survey certainly raises more questions than it answers.
Maria
Sat Jun 08 2024
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7 answers
1215
What is the crypto declaration in Spain?｜The Modelo 720 is the standard declaration form individuals submit to Spanish tax authorities to disclose assets held abroad exceeding €50,000. This year, the Spanish government has extended this requirement to cover crypto assets specifically, introducing the .Modelo 721
Could you please explain what the crypto declaration in Spain actually is? I've heard about the Modelo 720 being a standard form for disclosing foreign assets exceeding 50,000 euros, but I'm curious about how it's related to cryptocurrencies. This year, I've heard rumors that the Spanish government has broadened this requirement to include crypto assets. Is that true? If so, what is the specific form or document known as, and how does it work? Could you elaborate on the process and its significance for crypto holders in Spain?
Stefano
Fri Jun 07 2024
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6 answers
1225
Is blockchain legal in Japan?｜In Japan, . The legal status of tokens under Japanese law is determined based on their functions and uses. For example, cryptocurrencies and utility tokens such as BTC, ETH, etc. are regulated as Crypto Assets under the Payment Services Act (the PSA).there is no omnibus regulation governing blockchain-based tokens
Is blockchain technology considered legal in Japan? And if so, how does Japanese law categorize and regulate tokens such as cryptocurrencies like BTC and ETH? Are they subject to any specific legal frameworks or guidelines, or is there a general legal framework that oversees blockchain-based tokens? Given that there's no omnibus regulation governing blockchain tokens, what kind of legal status do they enjoy in Japan?
