taxes on cryptocurrency gains

Colorado’s move follows efforts in other states to bring crypto into the mainstream. Wyoming is looking into making sales tax payable through cryptocurrency, while Arizona aims to accept bitcoin as legal tender. As confidence continues to grow, more retailers across the world are beginning to accept different forms of cryptocurrency, from bitcoin to ethereum as payment for goods 8211; some directly and other indirectly through third-party apps such as Bitpay. Some merchant wallets accept Bitcoin exclusively, while others accept multiple types of cryptocurrencies. Understand the types of currency your merchant wallet accepts before Lily telling your customers what forms of payment you can accept. Investment scamsInvestment scams often promise you can "make lots of money" with "zero risk," and often start on social media or online dating apps or sites. These scams can, of course, start with an unexpected text, email, or call, too. And, with investment scams, crypto is central in two ways: it can be both the investment and the payment.