Question on BTC and other cryptos
This is from being in Canada.
I was wondering if there is a way to further invest with my BTC and other cryptos without and being in legal terms. As in ways that would not be considered a taxable event.
I know crypto to fiat and doing trades now is consider taxable.
Even staking?
What other ways can I further invest with my cryptos without it being a taxable event? Thanks
I think you would have to ask people from your region that are into crypto currency.
They would be able to share some thoughts to you so that ulyiu can understand how crypto is being taxed in Canada.
Almost every state have their own laws and regulations so you will have to ask questions on what particular area is taxed in crypto so you can make decisions that would not be to stressful for you funds and holdings. There are regions where cryptocurrency is never taxed so everyone has their opinion.