How does the mandatory tax on OASDI affect cryptocurrency transactions?

1 answers

• Nov 28, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi does not have direct control over tax regulations or the mandatory tax on OASDI. However, it is important for individuals who use BYDFi or any other cryptocurrency exchange to be aware of their tax obligations. The mandatory tax on OASDI is not directly applicable to cryptocurrency transactions, but individuals may still be subject to capital gains taxes. BYDFi recommends consulting with a tax professional or referring to the tax regulations in your country to ensure compliance with tax laws when buying or selling cryptocurrencies.
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