The Impact of Crypto Taxation on Crypto Adoption
1. The Basics of Crypto Adoption
Crypto adoption refers to the process of cryptocurrencies becoming widely accepted and used. This encompasses not just individual investors and traders, but also businesses and financial institutions adopting cryptocurrencies for transactions, investments, and as part of financial services. Adoption also involves cryptocurrencies becoming integrated into everyday financial practices and being recognized as a legitimate form of currency or asset by governments and regulatory bodies.
2. Understanding Crypto Taxation
Crypto taxation involves the application of tax laws to transactions involving cryptocurrencies. This can include:
