More and more users are taking an interest in the world of crypto-currencies and investing in them, which means that doubts are arising around them, such as their taxation.
That's why this report will attempt to resolve the most frequent doubts linked to their taxation.
In recent months, crypto-currencies have once again risen in value and are once again attracting the attention of investors.
In terms of value-added tax, the European Court of Justice has equated crypto-currencies with banknotes or coins, as it considers them to be virtual currencies used in practice in certain networks for exchange transactions.
In Spain, they are still considered non-monetary assets or movable property for legal purposes.
More and more users are becoming interested in the world of crypto-currencies and investing in them, which raises a number of issues.
Virtual currencies are a digital representation of value that is not issued or guaranteed by a central bank or public authority, is not necessarily associated with legal tender, and does not have the status of money or coin.
It is accepted by natural or legal persons as a means of payment and can be transferred, stored or exchanged electronically.
Bitcoin is the reference currency, but there are a total of 12,000 crypto-currencies. However, of the total capital invested worldwide in crypto-currencies, bitcoin accounts for around 50% of the market.
Escoem warns investors against the volatility of this type of asset, and it is therefore advisable to invest in them when you are familiar with them and their technology, have some knowledge of how the stock market works, and assume the high risk involved.
It's very important to know the difference between crypto-currencies that have a serious project behind them and those that are simply created for speculative purposes.
Depending on the crypto-currency's project and the capital invested in it, its volatility, and therefore its risk, will be greater or lesser.
Against this backdrop, as the use of virtual currencies as a medium of exchange by society at large becomes increasingly common, Escoem has prepared a report outlining some of the tax consequences of transactions carried out with crypto-currencies.
It resolves doubts inherent in the taxation of mining, capital gains after the sale of cryptocurrencies, how swaps are taxed, the return obtained by staking and the consequences of holding portfolios abroad.
The information presented here does not imply any commitment or recommendation on the part of Territorio Bitcoin. Territorio Bitcoin does not participate in investments or receive remuneration of any kind. We provide information only.
