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Is mining crypto considered financial services

Is mining crypto considered financial services

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Cryptocurrency mining involves using computer provide more consistent and predictable miners have a vested interest rewards from the mined cryptocurrency.

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Watch this before you start mining crypto in 2024
Crypto assets play a relevant role as �currencies� or means of payment and also as investment alternatives, with excellent expectations for. Crypto proponents' first narrative says that cryptocurrencies will provide easy access to financial services and, specifically, offer unbanked. ATO also notes that bitcoin is neither money nor foreign currency, and for taxation purposes, the sale of bitcoin is not considered as a financial service.

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There are three basic choices. The distinctions between them have also blurred. The federal government could provide a direct checking account and simple transaction services to all communities through the post office, which is something that has been done before in the United States.