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Do I have to pay tax if I have pledged my crypto assets as collateral?

As a reputable provider of digital assets services, Nexo is committed to the safety and security of our clients' assets and information.

We are still assessing the implications of the Common Reporting Standards to our business and, for the time being, we do not believe to be required to disclose any information about transactions to the IRS or other tax authorities, which remains our customers’ sole responsibility.

However, Nexo and its affiliates do not provide tax, legal, or accounting advice and this information is not intended to provide and should not be relied upon for tax, legal and accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

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