Everything you need to know about cryptocurrency taxation by Michal Hanych

In short, investing is not just about analysing, buying and selling an asset. Another important aspect is, for example, taxes. But what is the fundamental difference in taxation between shares and cryptocurrencies? Is there any legal way to avoid taxation? Michal Hanych reveals this and much more today.

Michal Hanych is a strategic director, investor, attorney and tax advisor at SimpleTax&Law. In today's interview, we focus on cryptocurrency taxation and everything you need to know 👇

What is the basic difference between taxation of stocks and cryptocurrencies?

If we're talking about taxation of individuals, there is no time test for cryptos that leads to an exemption. Crypto is taxed as a residual category of movable intangibles whereas shares are a security.

Do you think a time test could be introduced?

I don't believe that given the current macroeconomic situation and political mood, there could be an extension of the exemption to crypto.

At what point am I subject to crypto…