Questions tagged [crypto]

Maria Sat Mar 30 2024 | 8 answers 1717

I've been hearing a lot about cryptocurrency lately, and I'm interested in investing. But when I tried to buy some with my bank account, they blocked the transaction. I'm confused and frustrated. Why is my bank stopping me from buying crypto? Is it because they don't understand it? Are they worried about the risks? Or is it just because they're outdated and don't want to deal with new technology? I'd like to know more about their reasons and if there's anything I can do to make it possible for me to invest in crypto through my bank account.

Elena Sat Mar 30 2024 | 5 answers 1204

Good afternoon, could you please explain what the 'bed and breakfast' rule is in the context of cryptocurrency? I've heard this term mentioned a few times but have yet to understand its exact meaning and application. As a newcomer to the crypto world, I'm eager to learn about the rules and regulations that govern this fascinating field. Could you provide a simple yet comprehensive explanation? Thank you in advance for your assistance.

Tommaso Sat Mar 30 2024 | 6 answers 1806

Could you please explain what the HMRC disclosure for crypto is? I've been hearing a lot about it recently, but I'm not entirely sure what it entails. As a professional in the field of cryptocurrency and finance, I'm sure you'd be able to provide a clear and concise explanation. Could you please elaborate on the importance of this disclosure, who it applies to, and the potential consequences of not adhering to it? I'm particularly interested in understanding how it affects individual investors and businesses dealing with cryptocurrencies. Thank you for your time and expertise.

Davide Sat Mar 30 2024 | 7 answers 1596

I'm a bit confused about the tax implications of cryptocurrency transactions. Does PayPal report crypto transactions to the IRS? I know PayPal has been accepting crypto as a payment method for some time now, but I'm not sure how it handles tax reporting. If they do report to the IRS, does it mean I need to declare every crypto transaction I make through PayPal? And if so, how does that work? I'm hoping someone can clear this up for me. Thanks in advance for your help!

mia_harrison_painter Sat Mar 30 2024 | 7 answers 1861

Excuse me, could you please tell me which cryptocurrency is currently under investigation? I've been following the news and it seems like there's been a lot of talk about certain coins being scrutinized recently. Could you please provide some insight into which ones are in the spotlight and what the investigation might entail? Is it due to regulatory concerns, security issues, or something else? Thank you for your time and expertise.