Henry Turner
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  • Joined: 30-Dec-2022

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Answered by Henry Turner

  • Answered by Henry Turner
  • 9 months ago

How are taxes applied to cryptocurrency transactions?

Tax regulations regarding cryptocurrency transactions vary by jurisdiction. In some countries, cryptocurrencies are treated as assets subject to capital gains tax, while in others, they may be considered as a form of currency. It is advisable to consult with a tax professional or refer to the specific tax laws of your country to understand the tax implications of cryptocurrency transactions.

  • Answered by Henry Turner
  • 9 months ago

What is a share and how do I buy one?

A single share represents a single unit of ownership in a company. When you buy shares in one of these companies — even a very small number of shares — you then own a small part of that business.

You need to use a third party, called a ‘broker’, to conduct the actual transaction of buying or selling shares.