Post
Topic
Board Legal
Re: How to declare a donation of tokens ?
by
dunfida
on 24/01/2018, 17:20:03 UTC
Someone gave me a good amount of tokens because i gave him good advices but how will I declare this to my country the day i cash out ? Will they try to be interested in where this money comes from exactly ? Or will they just accept that someone send tokens to me just like that ?

The laws about bitcoin taxes are blurry, but the law about tokens are even more blurry
If you do receive hundreds of thousands on the current value of bitcoin then cashing it out would be troublesome if banks on your country is strict when it comes to money laundering or some laws related to it but if those amounts of bitcoin being given on just small amounts then you should not really bother because it is just only few that theres nothing to worry if you cash em out.