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Cryptocurrency is a digital currency using cryptography to secure transactions. Learn about buying cryptocurrency and cryptocurrency scams to look out for. A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
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Portugal crypto tax rates range from % to 53%, with special rules for mining which we'll cover further in this article. The standard capital. In Portugal, crypto has a special classification, and the new law states that it should not be taxed Capital Gains Tax when held by the investor for a period of.
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The IRS clearly states that crypto may be subject to either income taxes or capital gains taxes, depending on how you use it. Featured Partners. From staking to sweepstakes, some of your crypto earnings, winnings, and more might be subject to U.S. federal income taxes.
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The value of any currency comes from the backing of the state and the trust that people have over the government. Hence, for any money to be established as an. The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes.
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