Who is responsible for paying taxes associated with cryptocurrencies and Crypto Strategies?
ICONOMI does not provide legal, tax or investment advice.
Since ICONOMI users come from many different countries and since tax regulations can differ substantially, we cannot provide a guide for each situation that may occur in relation to the possibility of taxation in relation to cryptocurrencies and Crypto Strategies. Tax treatment of cryptocurrencies and Crypto Strategies and profits from cryptocurrencies and Crypto Strategies is a matter of each individual country or legal system.
At the same time, you have to keep in mind that these profits may not be considered taxable in some countries but may be taxable in others. As a taxpayer, it is your duty to be informed about your tax obligations for such situations. This includes analysing or getting advice on tax treatment in your country, evaluating the impact of your holdings, and assessing the consequences after the sale.
In this regard, ICONOMI is not able to provide any general or individual tax advice. Similar to the practice in regard to profits from traditional ventures, each user or investor should report the transaction (on their tax return) and pay tax on any gains or dividends (if interpreted as such), if and as provided by the applicable laws.