RE: Are there tax implications of earning and transacting in cryptocurrency on the Hive blockchain?
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The answer is relevant to the country and state in which you live. Maybe even the municipality. In general, any gain in an asset when realized is a taxable situation. So if you earn value from crypto and then sell the crypto, the difference between where you started and where you ended is taxable. That said, at this time it could be difficult for a taxing authority to be able to track your gain. However, using an exchange with KYC is likely to be trackable and result in taxes due.
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Yes Thank you
I am sure the taxation of crypto activities will come after the imposed reforms from the government on the exchanges, especially the decentralized ones.
Peace