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> when cashing out Cashing out meaning "selling crypto for fiat"? What about if you sell BTC for another crypto or for gold or ...

• lottin 4y ago
  It means selling the asset, full stop.
  • logifail 4y ago
    > It means selling the asset, full stop So it seems from the outside that stablecoins exist primarily to take advantage of grey areas in taxation legislation - and possibly also KYC/AML legislation - which allow investors in certain jurisdictions to avoid taxable events which would otherwise occur when trading. Building a business model on dodging taxes isn't a great look, is it?
    • folmar 4y ago
      We also have umbrella investment funds doing the same thing but without crypto.
• deadbunny 4y ago
  In the UK swapping between crypto is a taxable event.