The Ultimate Source for XRP News & Insights
IRS guidelines for reporting XRPThe IRS treats XRP as property, requiring you to report every taxable event—like selling, trading, or spending it—on Form 8949 and Schedule D, including exact dates…
Taxable events in crypto-to-crypto tradesSwapping XRP for Bitcoin triggers a taxable event—it's treated as a sale, and any gain or loss must be reported, even if no fiat currency is…
Best platforms to sell XRPTop platforms to sell XRP include Binance, Kraken, and Coinbase—offering high liquidity, competitive fees, and fast withdrawals for a seamless cash-out experience.How to choose a selling…
Understanding XRP transaction dataXRP transaction data includes timestamps, wallet addresses, amounts, and transaction IDs—critical details that help track gains, losses, and taxable events with precision for accurate tax reporting.Choosing the…
Understanding XRP and its benefits for merchantsXRP offers lightning-fast transaction speeds, low fees, and global scalability—empowering merchants to accept cross-border payments efficiently while maximizing profit and enhancing customer satisfaction.Setting up…
Understanding XRP taxation rulesXRP is taxed as property by the IRS—every sale, trade, or use can trigger capital gains, making tracking cost basis and transaction dates essential for accurate tax…
Regulatory status of XRP in AustraliaIn Australia, XRP is classified as a digital asset and falls under the regulatory oversight of the Australian Securities and Investments Commission (ASIC) and the…
Understanding XRP staking and passive incomeXRP staking allows holders to earn rewards by locking up their tokens in a network or DeFi platform. This process generates passive income, similar to…
Understanding xrp forksA fork in XRP occurs when developers modify its blockchain, creating a new version with different rules. This can lead to innovation, community splits, and competing networks.Reasons for…
Legal framework for XRP in CanadaIn Canada, XRP is classified as a digital asset and is subject to securities and financial regulations. The Canadian Securities Administrators (CSA) oversee the regulatory…