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Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Anyone leaving Celsius, Nexo, Yield.app because of their mandatory-KYC policy?
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danglongbtc (OP)
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March 31, 2022, 06:44:33 AM
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Hello fellas!

As countries started imposing taxes on cryptocurrency profits, I am worried about my money sitting and omitting interest on Nexo, Celsius and Yield.app. As my country has imposed net 30% tax on crypto gains while we are still not sure on how to calculate taxes on existing holding, what could be the best solution here? USDT holding on such lending platforms is not a prime concern but ETH, BNB holding is.

The exact case stands for CEXes like Binance. What is your point of view here?
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