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Eadul_ Sad_77
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A key issue is how to classify crypto assets—should they be regarded as property or currency? When crypto is sold for profit, capital gains should be taxed as they would be on other assets. And purchases made with crypto should be subject to the same sales or value-added taxes, or VAT, that would be applied for cash transactions nice So, one important task is to ensure application of these principles, which requires clarity on how to characterize crypto for tax purposes: in essence, as currencies for VAT and sales taxes and as assets for income tax purposes. While this is not easy due to the evolving nature of crypto asset transactions, it is perfectly possible. The deepest challenges are then in enforcement
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$BTC According to blockchain analytics firm Glassnode's weekly report, Bitcoin's current price performance has a striking resemblance with the 2015-2018 and 2018-2021 cycles despite the changing dynamics in its market structure. Like previous cycles, the selling pressure that accompanies sustained price increases has remained but at a much lower pace. The deepest drawdown in this cycle occurred on August 5, 2024, when prices dropped 32% below their peak. Likewise, this cycle has been Bitcoin's least volatile cycle since its launch. "The majority of drawdowns have only seen the price fall -25% below the local high, masking this is one of the least volatile cycles to date," wrote Glassnode. #btc
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nice 2018 to 2024 🌐💕
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