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🇹🇼 Taiwan holds 210.45 BTC in seized assets, making it the world’s 8th-largest government Bitcoin holder. 🔥
$BTC
$BNB $XRP
#taiwan
#ChinaCrypto
#VietnamBinanceSquare
#TürkiyeBinancesquare
#IndonesiaCrypto
@Hua BNB
@BOBBERs

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#USCryptoStakingTaxReview Here’s a **focused overview of U.S. crypto tax rules — especially around staking rewards — that relates to Binance (primarily Binance.US) and #USCryptoStakingTaxReview: � support.binance.us +2 📌 1. U.S. Tax Rules on Crypto (Including Staking Rewards) 🧾 IRS Treats Crypto as Property The IRS considers cryptocurrency property, not currency. So capital gains tax applies when you sell, trade, or dispose of crypto. � support.binance.us 📈 Staking Rewards = Ordinary Income When you receive staking rewards, the IRS treats that as ordinary income at fair market value (FMV) at the moment you have dominion/control. � Forbes You must report that income on your tax return — not only when you sell them later. For example, if you receive 10 AVAX and their FMV is $50 each at receipt, you have $500 of income. � LegalClarity 🪙 2. Binance.US & IRS Reporting 📊 Binance.US Reports Income to the IRS If you’re a U.S. taxpayer using Binance.US, the platform will: Issue IRS Form 1099-MISC if you earn over $600 in staking or other crypto income in a tax year. � support.binance.us +1 Starting with tax year 2025, Binance.US must also issue Form 1099-DA for covered digital-asset sales and exchanges. This form reports gross proceeds from trades to the IRS. � Satosage - Wisdom from the Block ⚠️ Binance.com (Global) vs Binance.US Binance.US is the entity that serves U.S. customers and reports to the IRS. � CoinLedger The global Binance.com does not report crypto activity to the IRS and is not meant for U.S. persons due to regulatory restrictions — but U.S. taxpayers are still obligated to report their crypto activity if they used Binance.com. � Satosage - Wisdom from the Block 🧮 3. How to Report Staking Rewards on Your Tax Return 📥 Income Reporting Staking rewards: Report as ordinary income on IRS Form 1040. Historically done on Schedule 1 “Other Income.” From recent IRS guidance, there’s now a specific crypto line on Form 1040 for this. � support.binance.us

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#TrumpTariffs Here’s a current snapshot of the connection between #TrumpTariffs and Binance/crypto markets — covering market impact, political context, and recent news: Binance GZERO Media VIP TRADING GROUP(@TradingVIP)'s insights Trump’s East Wing demolition, Binance pardon, and tariffs on Canada Yesterday November 23 📉 Market Reaction & Crypto Volatility Trump’s tariff policies have repeatedly impacted crypto markets, with price drops, liquidations, and heightened volatility linked to trade-policy announcements. Major sell-offs historically hit Bitcoin, Ethereum, and other tokens when tariffs expanded — including events where billions were wiped out in leveraged positions across exchanges such as Binance. � CryptoSlate +1 On Binance’s platform, traders and risk markets have been reacting to tariff uncertainty — including risk assessment polls and volatile price action. � Binance +1 🏛️ Political & Macro Context Trump’s tariff strategy — involving high duties on countries like China and others — has spiked uncertainty in financial markets, including crypto. For example, a reported 100% tariff on China triggered sharp crypto sell-offs and exchange strain. � Cointelegraph +1 International trade tensions from tariffs ripple through risk assets, and crypto often moves more sharply than stocks. � Cryptonews 🤝 Binance Regulatory / Political Intersection Binance has been connected to broader political developments — e.g., expanded integration of a Trump-linked US$1 stablecoin and speculation around regulatory shifts after Trump pardoned Binance’s founder Changpeng Zhao. � Cointelegraph +1 A recent Financial Times investigation also highlights ongoing scrutiny of Binance’s compliance practices even after legal settlements and political engagement. � Financial Times 📊 Ongoing Uncertainty Market participants are watching not just tariff news but how political signals (like court challenges, policy pauses, or pro-crypto stances) influence trading behavior. � Binance e know!

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#TrumpTariffs It looks like you mentioned #TrumpTariffs—are you looking for information about them, their impact, or recent news related to tariffs imposed during Donald Trump’s presidency? I can give a clear breakdown. Here’s a concise overview: What the Trump Tariffs Were Targeted Goods: Primarily steel, aluminum, and goods from China. Purpose: To protect U.S. industries, reduce trade deficits, and push for fairer trade deals. Implementation: Steel & Aluminum: 25% on steel, 10% on aluminum (2018). China: Multiple rounds on hundreds of billions of dollars’ worth of goods (2018–2019). Effects Domestic Industry: Helped some U.S. steel and aluminum producers. Consumers & Businesses: Increased costs for manufacturers and consumers, sometimes leading to higher prices. Global Trade: Contributed to trade tensions with China, the EU, and other countries. Controversies Critics argued the tariffs were inflationary and harmed U.S. exporters. Supporters said they were necessary to protect U.S. jobs and force trade concessions. If you want, I can also make a timeline of Trump’s major tariffs with their exact dates and impacts—it’s pretty interesting to see how it all unfolded. Do you want me to do that?

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#USCryptoStakingTaxReview It looks like you’re bringing up US crypto staking and taxes, probably in the context of reviewing or understanding the tax implications. I can break this down clearly for you. Here’s a thorough overview: 1. What Is Crypto Staking? Crypto staking is when you lock up your cryptocurrency in a blockchain network to support its operations (like validating transactions) and earn rewards in return. Examples include staking Ethereum (ETH) after its move to proof-of-stake, or staking coins like Cardano (ADA), Solana (SOL), or Polkadot (DOT). 2. Tax Treatment in the U.S. The IRS treats staking rewards as taxable income. Here’s what that means: Income Tax: When you receive staking rewards, the fair market value (FMV) of the rewards at the time you receive them counts as ordinary income. You must report it on your tax return, usually as “other income” or on Schedule 1. Capital Gains Tax: If you later sell or exchange the staked tokens, any increase in value from the time you received them to the time you sold them is treated as capital gains (short-term if held <1 year, long-term if >1 year). Example: You stake 10 ADA, each worth $2 → you earn 1 ADA as a reward. The 1 ADA reward is worth $2 when you receive it → you report $2 as income. Later, if ADA rises to $3 and you sell the 1 ADA → you pay capital gains tax on the $1 increase. 3. Key Reporting Points Keep detailed records: date you received staking rewards, amount, FMV at receipt, and any later sales. Exchanges may not report staking income automatically, so it’s your responsibility to track it. Tools like CoinTracker, Koinly, or CryptoTrader.Tax can help calculate staking rewards for tax reporting. 4. Special Notes DeFi and self-custody staking: If you stake via wallets or DeFi platforms rather than exchanges, you are still liable for taxes, and tracking can be more complex.

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