Malcolm Finney discusses cryptocurrency owners’ tax responsibilities when accounting for transactions.
Over recent years, there has been a significant boom in the purchase and sale of crypto assets by individuals. In many instances, the amounts invested are significant and in a number of cases, individuals have re-mortgaged their homes to raise funds to undertake the crypto investments.
For some, the investment has produced spectacular returns, whereas for others, significant losses have arisen.
Crypto exchanges
All crypto assets are digital assets and their purchase and sale are effected using cryptocurrency exchanges (basically online platforms), or on other websites which facilitate the purchase and sale of crypto. Using an
