Noob question. I moved my 1k Ada to my newly minted Yoroi wallet and staked it to a delegation pool this weekend. Planning to keep contributing.
Tax implications of moving it off the Voyager exchange to the aforementioned wallet? Will I be taxed because I withdrew it from the exchange?
As long as I leave it in the staking pool and don’t use it, it’s not taxed under capital gains?
Last question for now. Let’s say Cardano makes us all a tidy profit. My longish term goal is to pay off our home, restore my wife’s inheritance, etc. What’s your method of converting staked ADA to usable cash?
Still feeling my way about....
Aya Miyaguchi, executive director of the Ethereum Foundation, is committed to using blockchain to change people’s lives.
Her foundation has helped the UN children’s agency (UNICEF) use the frontier t...