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"Cryptocurrency" is well understood to be a misnomer. The correct term is "Crypto Asset" as, at least according to most tax legislation, it is not a _currency_.
by bradwood 5y ago
"Cryptocurrency" is well understood to be a misnomer. The correct term is "Crypto Asset" as, at least according to most tax legislation, it is not a _currency_.
Currencies do not attract CGT on disposal. Assets (like crypto) do.
This is a big difference