Cryptocurrency is subject to crypto tax in the U.S., with taxes due on gains from selling, investing, or disposing of assets. Transactions may be subject to capital gains tax or income tax, and accurately tracking, reporting, and consulting a tax professional is essential.
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Revolut Expands into Australia: Benefits and Challenges of Crypto-Friendly Fintech Services
Revolut introduces international payments-focused business accounts in Australia while working to secure a banking license in the region. Providing multi-currency accounts, real-time spending reports, and multiple users management, Revolut aims to create an all-in-one financial management platform.