In fact, I think this is one of the reasons why Crypto has done so well in other countries around the world, where credit card rewards are quite a bit lower and perks are far less impressive. For Canadians and Americans, the incremental benefit of the higher Crypto tiers, compared to other premium cards, is much less clear. Each trading platform has unique stipulations around credit card use. Before buying, you’ll need to see if your credit card is accepted on the exchange, determine if the coin you want to buy can be purchased with a credit card, and see if your credit card issuer allows crypto purchases. If your credit card has a Mastercard logo, for example, there’s a chance your purchase could be blocked. Traditional and startup financial service companies have taken notice, and they’re looking to attract new customers with crypto. And rather than a having a credit card that gives travel rewards or cash back on purchases, there are cards that offer rewards in cryptocurrency.
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Many governments are unsure of what to class cryptocurrencies as, currency or property. The U.S in 2014 introduced cryptocurrency trading rules that mean digital currencies will fall under the umbrella of property. Traders will then be classed as investors and will have to conform to complex reporting requirements. Details of which can be found by heading to the IRS notice 2014-21. Help | Advanced Search Various fields, industries, and sectors are looking for specialists in cryptocurrency—including banking, accounting, oil and gas, insurance, and retailers, with particular growth in media, logistics, and legal compliance. As for specific titles related to cryptocurrency, learners can look forward to becoming Blockchain Developers, Splunk Developer, Crypto Community Manager, Cryptocurrency Researcher, and others.