Using a centralized exchange in another country and the tax consequences?
What could be the tax consequences if Coinbase left the US and headquartered in the UK? If you live in the US and used Coinbase UK as a centralized exchange to buy and sell Bitcoin what would happen if you incurred a capital gain?
You would owe the capital gain on your US tax return of course but would there be any tax obligation in the UK, even though you don't live in the UK?
I'm not that comfortable with the idea of using a dex. I'm just wondering what the options would be if the US environment becomes restrictive enough for Coinbase to move to the UK, what the options would be.
28 May 2023
Sloths and slugs protest that Bitcoin congestion is making them look speedy
Sloths and slugs have reacted angrily this week – as the Bitcoin network has become really really slow for the second week running. One angry sloth fumed: ‘The Bitcoin Congestion is damaging our brand. We’re meant to be the slowest thing on earth. But transactions on Bitcoin are making us redundant…’ Particular fury was reserved
28 May 2023
Relief Rally: A Brief Overview
Relief rally learn about it: sudden surges in the stock market after a period of uncertainty or market downturn. Read now!
27 May 2023
Ark Challenges Lightning ⚡, Hong Kong Allows BTC Trading 🇭🇰, Dubai to Build ₿itcoin Tower 🇦🇪
Get rewarded with 5000 Free Sats for every successful referral to this carefully curated weekly newsletter with high signal summaries of the best in Bitcoin