Not All Crypto Profits Have to Be Taxable
Opinion Crypto is still treated as something of a neglected stepchild. This is also true in taxation. Nowhere, in our view, is this more apparent than in the haste with which it is assumed that income from crypto, and more specifically from onchain staking, must necessarily be taxable. Our position, however, is clear: in the case of native onchain staking, we believe that the statutory conditions for taxing rewards as investment income are not met and that, under the current tax legislation,...