The legal perspective is not only relevant for nash, also for us users its a relevant topic. When we are trading or receiving dividends from staking NEX tokens we have to pay taxes for them. People in one country more than people in other countries. It is by itself a difficult topic and all these different laws doesn’t make this process easy to handle. Not for us users and not even for nash.
Well, when I thought about how I will manage my taxes in the future I would like to do it in the funds management section from nash. I don’t know what they have planed in the future for the funds management, but maybe nash can implement a tool to handle taxes easier.
I’m thinking of something like a tool where people can enter the percentage that has to be paid for tokens generated through staking and a percentage that has to be paid for trading gains.
This tool will calculate based on the users’ history how much taxes have to be paid in a chosen currency. It will also offer an option to convert the calculated amount (for example in USDC) and send it to an extra address. With extra address I mean an address which is not used for trading, but is still accessible from the same private key.
When now the time arrives when I have to pay my taxes I just use this tool once and all the money that need to be paid is at one “tax address”.
By the way, it would be nice to have a category in the forum for funds management