By CCN.com: CCN sat down recently with one of crypto’s biggest lending firms to hear insights into the emerging crypto-lending industry. CEO of Nexo Antoni Trenchev discussed the millennial mindset when borrowing, as well as upcoming trends in his field. Lenders like Nexo, SALT, and others allow clients to borrow against their digital assets. This allows them to spend without cashing out crypto, a taxable event which requires capital gains tax payments and runs the risk of missing out on bullish upswings. paying taxes with bitcoin so you have to pay capital gains on paying your capital gains pic.twitter.com/0xsHLo6A35 —
The post This Instant Crypto Lender Reveals Where Millennials are Blowing Borrowed Bitcoin appeared first on CCN
from CCN http://bit.ly/2Lp3I7c
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