Don't sell, borrow against your #Bitcoin

11:41 AM · Jul 8, 2021

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Replying to @hodlhodl
Q, are stable coins classed as taxable (generally) when you use an off ramp? I’m UK, but appreciate laws will vary regionally and that you aren’t a tax advisor… trying to figure out if they are applicable to capital gains tax?
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Replying to @hodlhodl
If there is a logarythmic stable coin such as OHM, then it should apply cap gains as it fluctuates in price. For usdt, busd ect shouldn't as they are pegged (most of the time) - thus maintaining same value. Tip: Isle of Man doesn't do cap gains.
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