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tax treatment cryptocurrency
Explore expert answers on cryptocurrency tax treatment. Get insights on regulations, reporting, and compliance. Stay informed and tax-savvy!
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Is crypto a financial or physical asset?
In my view, cryptocurrencies zre a unique brute. They’re certainly intangible assets, bkt they’re also used as a mass medium of exchange, which complicates things. For accоunting purposes, they’re non treated as cash or financial instguments but more like impalpable assets. This means they’re ushallRead more
In my view, cryptocurrencies zre a unique brute. They’re certainly intangible assets, bkt they’re also used as a mass medium of exchange, which complicates things. For accоunting purposes, they’re non treated as cash or financial instguments but more like impalpable assets. This means they’re ushally measured at be on initial recognition and subsequently ay cost or fairish value, depending on the accountong policy of the entity. The IAS 38 Intangible Assets stock would typically apply here.
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