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cryptocurrencies

Security measures to look for in a cryptocurrency exchange

In this article, we will discuss some security measures to look for in a cryptocurrency exchange, especially for crypto day traders. Two-factor authentication (2FA) is a security measure that requires users to provide two forms of authentication before accessing their account. The two forms of authentication could be a password and a verification code sent to the user’s mobile phone or email address. 2FA is an essential security measure because… Read More »Security measures to look for in a cryptocurrency exchange

What if SEC declares that cryptocurrencies are securities?

If the US Securities and Exchange Commission (SEC) declares that cryptocurrencies are securities, it would have significant implications for the cryptocurrency market and the regulatory landscape surrounding it. Here are some possible consequences: Increased regulatory oversight: If cryptocurrencies are deemed securities, they would be subject to regulation under existing securities laws. This could mean more stringent requirements for issuers, exchanges, and other market participants. Compliance costs: Issuers and exchanges of… Read More »What if SEC declares that cryptocurrencies are securities?

Are crypto donations tax deductible?

The tax deductibility of cryptocurrency donations can depend on several factors, including the tax laws of the country in which the donation is made, the organization or charity that is receiving the donation, and the specific rules and regulations surrounding cryptocurrency donations. In the United States, for example, the Internal Revenue Service (IRS) treats cryptocurrency as property rather than currency for tax purposes. Therefore, donations of cryptocurrency to qualified charitable… Read More »Are crypto donations tax deductible?