May I ask, I have been playing since 2020, and now I am down more than a billion, should I worry about paying taxes?
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Xvision
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STRESSING YOU OUT, BRO - Part 2
5. The tax authority will trace income from crypto
• From 2026, income from digital asset investments must be declared and personal income tax paid.
• The tax authority may request data from licensed exchanges and international partners.
→ Long-term traders and holders should prepare historical documents of buying – selling – holding to legitimize their assets.
⸻
6. Opportunity: The market legalizes and protects investors
• The government affirms that the goal is selective management, not an absolute ban.
• The 5-year pilot phase will allow domestic blockchain projects to operate transparently.
• Investors are protected in their ownership rights and can file legal complaints if scammed on licensed exchanges.
→ The market will gradually shift to “onshore”, becoming more transparent, even though it reduces anonymity.
⸻
7. Binance and major exchanges are preparing for “localization”
• Binance is said to be working with Vietnamese partners to obtain legal operating licenses.
• There may be a Binance Vietnam or local partners using Binance Cloud technology.
→ Old players should monitor official announcements from Binance Square to know the transition time.
5. The tax authority will trace income from crypto
• From 2026, income from digital asset investments must be declared and personal income tax paid.
• The tax authority may request data from licensed exchanges and international partners.
→ Long-term traders and holders should prepare historical documents of buying – selling – holding to legitimize their assets.
⸻
6. Opportunity: The market legalizes and protects investors
• The government affirms that the goal is selective management, not an absolute ban.
• The 5-year pilot phase will allow domestic blockchain projects to operate transparently.
• Investors are protected in their ownership rights and can file legal complaints if scammed on licensed exchanges.
→ The market will gradually shift to “onshore”, becoming more transparent, even though it reduces anonymity.
⸻
7. Binance and major exchanges are preparing for “localization”
• Binance is said to be working with Vietnamese partners to obtain legal operating licenses.
• There may be a Binance Vietnam or local partners using Binance Cloud technology.
→ Old players should monitor official announcements from Binance Square to know the transition time.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.