Author: Megan

Whether it’s the new wave of cryptocurrencies or traditional currency, you might be curious about how they work. Here are a few things to consider before you invest. Taxation, privacy, regulations, costs, and more. You can subscribe to the SmartAsset newsletter for free and opt out at any time. While traditional currencies are stored in physical form, digital currency is a more secure alternative. You can store your funds in both physical and digital form. Taxation The Spanish Treasury recently introduced a new framework for the taxation of digital currencies, which includes new obligations for service providers and holders of…

If you’re wondering: How is the cryptocurrency market doing?, you’re not alone. The market has been roiling since November, but has recently bounced back to a more reasonable $1 trillion market cap. Compared to the $3 trillion market cap it reached in November, that’s still a far cry. So, what can you do to participate in the market? Here are some strategies: Cryptocurrency investors could be in trouble A recent report by the U.S. Securities and Exchange Commission lays out the risks that cryptocurrency investors face. The report notes that the most common way for crypto investors to access the…