FinCEN regulations are in place to keep BTMs as safe as possible. If you operate a cryptocurrency company, any losses incurred are deductible from your revenue and may be used to reduce your tax bill for the year. Even though there isn’t a legal way to avoid crypto taxes in Canada, there are ways to minimize your overall tax burden when paying cryptocurrency taxes. Tyler, left, and Cameron Winklevoss speaking at the Bitcoin Festival in Miami last June. Gemini, their crypto exchange, said it was laying off 10 percent of its workers. When it comes to crypto, it’s important that you—and only you—can transfer coins into or out of your Robinhood Crypto account. There are two ways that you can choose to withdraw your cryptocurrency from Crypto.com’s exchange: Cryptocurrency exchange Crypto.com wrote to customers today in an email dogecoin yahoo finance seen by Decrypt to notify them that all deposits and withdrawals for Tether's USDT and Circle's USDC have been suspended on the Solana network.