Is crypto the same as cash?

It’s virtual money represented as tokens . Your token represents a specific amount of cryptocurrency you own based on the current market value. You can sell that token, or you can cash it out at market value. Unlike centralized currency, which is government controlled, cryptocurrency is decentralized.

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Can foreigners buy Bitcoin?

So basically, anybody can invest in cryptocurrency and it doesn’t matter where you are or where you are from since buying and selling Bitcoin is not considered a form of employment. The profits and losses you make trading cryptocurrency are considered capital gain and capital losses.

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