Welcome. I am Olivier Wagner from 1040 Abroad and will provide an overview of taxation of cryptocurrency, Non-Fungible Tokens (NFTs), and Decentralized Finance
First disclaimer: While cryptocurrencies and NFTs have been gaining traction, these are an extremely volatile asset class.
Likewise, it’s an ever-changing environment, so please contact me before taking anything here as true as it may have changed.
Let’s start with a review of blockchain and the building block that lead us to where we are today.
We have building blocks:
– Smart Contracts