I am wondering if the cryptocurrency exchanges such as
Bitstamp (EU company),
Coinbase (US company),
Kraken (US company)
subjects in accordance to information sharing according to CRS and/or FATCA?
Meaning, if you have sold cryptocurrency and have FIAT (eur or usd) in these exchanges at end of year will this info get reported to respective jurisdiction of the client?
And if yes, how to avoid this? Will they report turnover as well? Anyone have experience?
Bitstamp (EU company),
Coinbase (US company),
Kraken (US company)
subjects in accordance to information sharing according to CRS and/or FATCA?
Meaning, if you have sold cryptocurrency and have FIAT (eur or usd) in these exchanges at end of year will this info get reported to respective jurisdiction of the client?
And if yes, how to avoid this? Will they report turnover as well? Anyone have experience?