Using a US Crypto Exchange Know This Tax Rule. Jake Claver.
More on this subject: jakeclaver.com.
What this recording covers
Claver clarifies how tax residency rules apply to a non-US citizen holding crypto on a US-based platform. He explains that without any connection to the United States, the tax obligation falls in the person's country of residence, not in the US. The key distinction is that the US taxes on the basis of citizenship, so a US citizen living abroad still owes US taxes regardless of where accounts are held. Most other countries apply residency-based taxation. Where a double-tax treaty exists between two countries, the taxpayer generally pays at the higher of the two rates, and that payment offsets the liability in the other country.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.