Last updated on July 13, 2018
OKCoin reminds all customers of your responsibility to pay applicable taxes from digital asset trading. Please consult your own tax advisor as tax laws and regulations change periodically. OKCoin is not responsible for customers’ tax obligations.
Customer transaction history provides information used to determine any gain/loss on your digital asset activity on OKCoin. Such information includes:
- Time and Date
- Trading Type
Applicable taxes to digital assets in the US
The US Internal Revenue Service (IRS) has released guidelines for how to report and pay taxes relating to digital assets (also called virtual currency or convertible virtual currency). Customers can read the guidelines from the official www.irs.gov website, including https://www.irs.gov/pub/irs-drop/n-14-21.pdf