What happens if you don’t pay taxes on your crypto holdings?

Skipping crypto taxes can trigger hefty fines and legal issues. Find out what really happens if you fail to report or pay taxes on your holdings. Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions. Read more.

Money Flip Options Patio Commander EDH MTG Platform

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JPMorgan Lets Institutions Use Bitcoin and Ethereum as Collateral

The post JPMorgan Lets Institutions Use Bitcoin and Ethereum as Collateral appeared first Third-party custodians will safeguard the assets, helping investors unlock liquidity without selling digital tokens. This big move boosts confidence in cryptocurrencies among major banks and offers clients more flexibility, pushing digital assets further into the banking mainstream.

Coinbase Embraces AI: A Leap Towards Innovation in Financial Tech

The post Coinbase Embraces AI: A Leap Towards Innovation com. In a bold leap forward, Coinbase’s CEO, Brian Armstrong, has announced that artificial intelligence (AI) now contributes to 40% of the company’s software development. This significant integration signals a transformative shift in the realms of cryptocurrency and financial technology. Continue Reading: Coinbase Embraces AI: A Leap Towards Innovation in Financial Tech Source:.