What are the common FAQs for reporting cryptocurrency assets under CRS?

3 answers

• Terkelsen PanduroFeb 09, 2022 · 4 years ago
  One common question is whether cryptocurrency holdings need to be reported under CRS. The answer is yes. Cryptocurrency is considered a financial asset and falls under the reporting requirements of CRS. So, if you hold any cryptocurrency, you should include it in your CRS reporting.
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• DodinJun 29, 2022 · 3 years ago
  Another frequently asked question is how to determine the value of cryptocurrency for reporting purposes. The value of cryptocurrency can be determined using the fair market value at the time of reporting. This can be obtained from reputable cryptocurrency exchanges or other reliable sources.
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• Fakhriddin BuvatoyevSep 25, 2020 · 5 years ago
  At BYDFi, we understand the importance of reporting cryptocurrency assets under CRS. It is crucial for individuals and businesses to comply with the regulations and ensure accurate reporting. If you have any questions or need assistance with CRS reporting, feel free to reach out to us. We are here to help!
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