Questions tagged - cryptocurrency

MysterylitRapture Fri Jun 07 2024 | 5 answers 1284

Can we buy USDT directly?｜. How to Buy Cryptocurrency on Binance P2P (App)? Navigate to the Binance P2P page to buy Tether USDt. Choose your preferred local currency, click on the "USDT" trading pairs, and select from a wide range of supported payment methods.Buy Tether USDt directly from other users with Binance's peer-to-peer service

Can you please elaborate on the process of purchasing USDT directly? I'm interested in learning how to navigate the Binance P2P platform to make a purchase. Could you guide me through the steps, starting from accessing the Binance P2P page and selecting my preferred local currency? Also, how do I choose the "USDT" trading pairs and select from the available payment methods? I'm eager to learn about Binance's peer-to-peer service and how it facilitates direct purchases of Tether USDt from other users. Thank you for your assistance.

IncheonBeautyBloom Fri Jun 07 2024 | 6 answers 1200

Is crypto illegal in Hong Kong?｜Under Hong Kong law, . There is currently no digital asset that is backed by the Hong Kong government. Cryptocurrencies are not legal tender regulated by the HKMA and do not qualify as money

Could you please clarify the legality of cryptocurrencies in Hong Kong? According to Hong Kong's legal framework, it appears that there is currently no government-backed digital asset. Does this mean that cryptocurrencies are not considered legal tender in Hong Kong and are not regulated by the Hong Kong Monetary Authority (HKMA)? Are they, therefore, not classified as money in the territory?

CryptoAlchemy Fri Jun 07 2024 | 5 answers 1354

Do I need to declare cryptocurrency Canada?｜. CRA treats cryptocurrency as property, and gains from crypto transactions are subject to taxation. The tax treatment depends on whether the transactions are considered part of a business or capital gains.Yes, crypto income is taxable in Canada

Could you kindly elaborate on the tax implications of cryptocurrency in Canada? Since the CRA considers cryptocurrency as property, how does the taxation process work? Are there any specific circumstances where the gains from crypto transactions would be taxed differently, such as if they are considered business transactions or capital gains? And is it indeed mandatory to declare all crypto income in Canada?

LightWaveMystic Fri Jun 07 2024 | 7 answers 1173

How much is a Bubble worth?

Could you please elaborate on the value of a bubble in the context of finance and cryptocurrencies? Specifically, how does one determine the worth of a bubble, and what factors contribute to its formation and subsequent burst? Also, could you provide examples of historical bubbles in the cryptocurrency market and explain their impact on the overall market? Finally, how can investors protect themselves from the potential risks associated with bubbles?