Bitstamp foreign account tax compliance

Crypto exchanges with ripple

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What is FATCA?: What US Taxpayers Overseas Should Know
The issue arises when a taxpayer uses a foreign third-party exchange to buy and sell virtual currency, for example bitfinex or bitstamp. The. Consequently, if bitcoins are treated as a currency, you will be taxed the same as holding an account in any non-functional (foreign) currency. Crypto is subject to FBAR reporting if it is held in foreign accounts alongside other assets subject to reporting if the aggregate value of.

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