Pax Directory

Is it legal to invest crypto for someone else? Thanks to President Nixon and the Bank Secrecy Act, citizens and residents of the United States of America that profit from the exchange cryptocurrency for another person have an obligation to the US government. That obligation is to register as a money services business.

Is crypto mining taxable UK? In the UK, you have to pay tax on profits over £12,300. And so irrespective of your view on the validity of cryptocurrency, you will always be liable to pay tax on your investment profits from them.