Regarding tax implications, I assume depending on the jurisdiction, but would the conversion kick in capital gains at transaction level? Is there any info out there clarifying this?
Discussion
This would be unique for each jurisdiction. Technically, each payment is a BTC sale. We will provide you with an exportable transaction list that would have the associated exchange rates and fees.
This would be solely your responsibility to comply with your local tax laws. At least until 2026 we’re not forced to report anything automatically. And then DAC8 trchnically kicks in, but we’re still investigating how will that be enforced upon us. If any automated reporting is requested, we would let our users know.