Do cryptocurrencies include sales tax?
Excuse me, as a financial professional, I'm curious to know if cryptocurrencies are subject to sales tax? Given the decentralized nature of these digital assets, I'm unsure how they're taxed compared to traditional currencies or commodities. Do the varying jurisdictions worldwide have differing tax policies on cryptocurrency transactions? And if so, how do investors and traders keep track of their tax obligations to ensure compliance? Clarifying this aspect of cryptocurrency taxation would be greatly appreciated.
What should a crypto estate plan include?
As a crypto investor, I'm increasingly concerned about how to properly plan for my digital assets in the event of unforeseen circumstances. Could you elaborate on what a comprehensive crypto estate plan should encompass? Specifically, I'm curious about how to secure my private keys, designate beneficiaries for my cryptocurrencies, and ensure that my digital assets are accounted for and managed efficiently in the long run. Additionally, I'd like to understand the legal implications and best practices to adhere to in order to safeguard my interests and the interests of my beneficiaries.