Cryptocurrency Compensation: In contrast to Coincheck's compensation in Japanese yen, DMM Bitcoin will compensate affected customers in the equivalent amount of Bitcoin. This means that the value of their assets (Bitcoin) remains unchanged before and after the incident, eliminating any tax concerns.
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Mercari's Ethereum trading has just started! When you buy something with cryptocurrency, you are essentially doing the following: 1.Selling cryptocurrency 2.Using the money you get to buy something This means that if the value of the cryptocurrency has gone up, you will be liable for capital gains tax.
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The 2024 Web3 whitepaper suggests that Web3 donations should be considered deductible expenses, similar to traditional charitable donations. This would incentivize more organizations and individuals to support Web3 projects.
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