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November 15, 2023
Question

Crypto received date determination

  • November 15, 2023
  • 2 replies
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What is the definition of the crypto received date? Is it the date when I can benefit from it?

 If I cannot sale it because it is stacked/locked for another 3 years, or not being exchanged at the currency exchanges then probably I did not receive it. At some forums I have read that the received date is determined by when you take the control over the digital assets. So if it is not available for me yet as it is locked, then I do not have control over it and hence I still did not receive it yet. Please kindly confirm my understanding. Thanks!

2 replies

November 15, 2023

You have received the cryptocurrency when you can transfer, sell, exchange, or otherwise dispose of it, which is generally the date and time the airdrop is recorded on the distributed ledger.

MarthaT
November 15, 2023

In addition to, it is whenever you have dominion and control of the property/crypto to be able to sell or exchange etc.

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