Balu005 Shiva005Nov 27, 2021 · 3 years ago9 answers What are the tax implications of converting 100000000 yuan to USD using cryptocurrencies?
I have 100,000,000 yuan and I want to convert it to USD using cryptocurrencies. What are the tax implications of doing so? Are there any specific regulations or guidelines I need to be aware of? How will the conversion affect my tax liability? Can I avoid or minimize taxes by using cryptocurrencies? What are the potential risks and consequences of not properly reporting the conversion?