risk disclosure 5 spending is selling

Each card payment funded by crypto is treated as a sale of that crypto, which in many countries can create a tax liability, and you are responsible for your own tax affairs [1]. Velorin does not give tax advice, so you should check your position with a qualified adviser [3].

Sources

• [1][3] Risk disclosure

Answered from the Velorin Pay knowledge base.

Follow-up questions

• Risk disclosure — 6. Service and network risk
• Risk disclosure — 7. Rules can change
• Risk disclosure — 8. No advice

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