Alessandra
Sun Jun 09 2024
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7 answers
1410
Does Saudi Arabia accept cryptocurrency?｜The Kingdom of Saudi Arabia's (المملكة العربية السعودية) stance on Bitcoin and cryptocurrencies, stated through its monetary authority, the Saudi Arabian Monetary Authority (SAMA), is that , and dealing with it is risky.cryptocurrencies are not supported within the Kingdom
Does Saudi Arabia officially accept the use of cryptocurrency? Given that the Saudi Arabian Monetary Authority, SAMA, has expressed its position on Bitcoin and other cryptocurrencies, stating that these digital currencies are unsupported and dealing with them poses risks within the Kingdom. It seems that Saudi Arabia does not embrace cryptocurrency, but I'm still curious to know if there are any exceptions or particular instances where cryptocurrency transactions are allowed?
CryptoNinja
Sun Jun 09 2024
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6 answers
1418
Why is Coinbase blocked?｜Reasons for account restriction . Detection of a security issue during account recovery. Requested by you via a link in a Coinbase email due to unrecognized account activity.Suspicion of malicious activity targeting your account
Why has my Coinbase account been blocked? Could you elaborate on the reasons behind this restriction? I'm curious to know if it's related to a security issue detected during the account recovery process. Also, did I inadvertently trigger this by clicking a link in a Coinbase email due to unrecognized activity on my account? Finally, is there any suspicion of malicious activity targeting my account that led to this blockage?
Chiara
Sun Jun 09 2024
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6 answers
1508
How much tax do you pay in cryptocurrency?｜Short-term capital gains tax: If you've held your cryptocurrency for less than a year, your disposals will be subject to short-term capital gains tax. For tax purposes, this is treated the same as ordinary income and can range from .10% - 37% depending on your income level
Could you please clarify for me how the taxation of cryptocurrency works? Specifically, how much tax do I have to pay if I dispose of my cryptocurrency within a year of acquiring it? I've heard that this is considered short-term capital gains tax, but I'm not entirely sure how it's calculated or what the tax rates are. Is it taxed the same as ordinary income? And what's the range of the tax rates, are they fixed or variable based on my income level? I'd really appreciate your detailed explanation on this matter.
KatanaSwordsmanshipSkill
Sun Jun 09 2024
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5 answers
1143
Is cryptocurrency legal?｜You want to make sure you're not exposing yourself to scammers and hackers, but you also don't want to run afoul of state and federal regulations. As decentralized currencies, crypto is not and will likely never become banned in the U.S. Currently, .the sale and purchase of cryptocurrency is legal in all 50 states
Is it truly legal to engage in cryptocurrency transactions? I'm cautious about protecting myself from fraudsters and hackers, but I'm also mindful of staying within the bounds of national and federal laws. Given that cryptocurrencies are decentralized, do they face the risk of being banned in the United States? I've heard conflicting opinions, but as of now, is it indeed lawful to buy and sell crypto in all fifty states?
HanRiverVisionaryWave
Sun Jun 09 2024
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7 answers
1177
Can Bitcoin lose all its value?
Could you please elaborate on the possibility of Bitcoin potentially losing all of its value? I'm particularly interested in understanding the factors that could contribute to such a scenario, as well as the historical precedents, if any, that might offer insights into this question. Additionally, I would appreciate your thoughts on whether there are any mechanisms or safeguards within the Bitcoin ecosystem that could potentially mitigate the risk of a complete loss of value. Thank you for your insights.
