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Are Cryptocurrencies Legal?

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Other states, like Wyoming and Texas, have implemented more accommodating regulations that exempt crypto businesses from state securities and money transmission laws; however, such efforts still face legal What is a Cryptocurrency?Cryptocurrency is a digital representation of value that…

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What is the Future of Cryptocurrency?

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Cash remains easier to spend, but cryptocurrency purchases have become increasingly easy in everyday Many restaurants and retail chains now accept cryptocurrency payments; there are even apps dedicated to turning cryptocurrency into What is Cryptocurrency?Cryptocurrency is a type…

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How Does Cryptocurrency Taxation Work?

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Cashing out cryptocurrency to USD is considered taxable and creates a capital gain, so it is vitally important that a tax accounting software tracks your cost basis and sales proceeds basisCost bases are used to determine any capital gains…