Cryptocurrency Q&A
Can you still wash crypto?
Can you still wash crypto?
DondaejiDelight
Wed Mar 05 2025
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7
answers
1292
I heard people discussing about cryptocurrencies and money laundering. I wonder if it's still possible to "wash" or clean crypto assets to hide their origin or ownership.
7 answers
Margherita
Thu Mar 06 2025
Cryptocurrency is currently exempt from wash sale rules.
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Maria
Thu Mar 06 2025
By utilizing loss harvesting, investors can offset capital gains with losses, reducing their overall tax liability.
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Raffaele
Thu Mar 06 2025
The wash sale rule, which prevents such strategies in traditional markets, does not apply to crypto.
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CryptoTitanGuard
Thu Mar 06 2025
This exemption provides crypto investors with unique tax benefits.
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KpopStarlight
Thu Mar 06 2025
When investors sell and rebuy identical crypto assets within 30 days, they can claim capital losses.
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