I’ve been saving USDTon Binance for the last couple of years (Instead of depositing it in the bank, because the banking system back in my country was corrupt).
I recently moved to the US, but Binance isn’t supported here (Binance.US is). If I transfer my savings to coinbase or Binance.US to cashout in the US, do i need to pay taxes over that?
I read that if the value of the acquired assets increases, I have to pay taxes but I wasn’t actually “investing”, just saving up.
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