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A comment on Signal adds a payments feature with a privacy-focused cryptocurrency. Parent comment

Re:Signal adds a payments feature with a privacy-focused cry... by Anon1096 on Tuesday April 06, 2021 @05:52PM (#26717837)
Are there any tax implications of sending someone cryptocurrency that has appreciated? Say you owned 1 million in mobilecoin a month ago that is now 6 million, can you just send it to someone and avoid the capital gains tax? And if not, do apps like Signal have to report these earnings on transfer from mobilecoin to USD? (since signal plans to facilitate it in some way)
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Re:Signal adds a payments feature with a privacy-focused cry... by qqii on Tuesday April 06, 2021 @07:29PM (#26718646)
In the UK (where the beta is being launch) every disposal (buy, sell, trade) counts towards income tax.

https://www.gov.uk/government/publications/tax-on-cryptoasse...

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Re:Signal adds a payments feature with a privacy-focused cry... by M2Ys4U on Wednesday April 07, 2021 @09:45AM (#26724829)
Disposing of a crytoasset requires paying Capital Gains Tax, not Income Tax
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Re:Signal adds a payments feature with a privacy-focused cry... by BlueTemplar on Tuesday April 06, 2021 @07:10PM (#26718505)
This is going to vary from country to country. Sometimes, only the conversion to fiat is taxed. I think that generally any transfer to another person is taxed too ?
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