Sounds fun, but tax rules dont vanish in space 🙂
In many places, on chain swaps, staking rewards and HBD interest can be taxable income, so keep recrods and check your local rules.
Stay digital, sure, just don't assume it’s magic fredeom money.
Smart move; declaring your holdings early makes things easier. Just remember in India each transfer is a taxable event, even HIVE to HBD, so track FMV on swap and gains at 30% plus cess. Curation rewards is usually treated as income on receipt, then that value becomes your cost when you later sell or convert. Keep simple logs of buy price, dates, tx links, and 1% TDS mainly applies on exchange trades, on-chain P2P trades often dont trigger it, but you’re still liable if there’s tax :)
No tax on intergallactic, p2p,magic freedom money. Stay digital.
Sounds fun, but tax rules dont vanish in space 🙂
In many places, on chain swaps, staking rewards and HBD interest can be taxable income, so keep recrods and check your local rules.
Stay digital, sure, just don't assume it’s magic fredeom money.
I pay local taxes on goods and services paid in local fiat currency when the banking system us used.
If I don't use fiat on ramps or off ramps, I'm effectively not participating in any economic activity that is taxable in this jurisdiction.
Local rules don't vanish, they just don't apply to assets that are outside of its jurisdiction and cannot be tied to my identity.
Also, I lost all my cryptocurrency in an unfortunate boating accident.
Have not withdrawn but I have declared that I do hodl crypto. And when I will withdraw will take opinion from my CA. cheers
Smart move; declaring your holdings early makes things easier. Just remember in India each transfer is a taxable event, even HIVE to HBD, so track FMV on swap and gains at 30% plus cess. Curation rewards is usually treated as income on receipt, then that value becomes your cost when you later sell or convert. Keep simple logs of buy price, dates, tx links, and 1% TDS mainly applies on exchange trades, on-chain P2P trades often dont trigger it, but you’re still liable if there’s tax :)