Hi there,
Quote: “According to the Ministry of Finance, cryptocoins used for staking can only be sold tax-free ten years after purchase.”
I bought bitcoins in 2016 and, out of ignorance, began to use them in liquidity pools in 2021 to earn money on the swap fees.
Bitcoin’s value has increased 200 times since it was purchased in 2016.
If I have to sell my Bitcoin before 2026, I have to pay very high tax amounts. So I will not sell until the 10 year holding period has expired!
I need money right now. Is there the option in DeFi to block / deposit my Bitcoins as security and take out a loan (e.g. USDT) in return?
–
