Home Finance News US Monero investors can now hold XMR in a Tax-advantaged IRA

US Monero investors can now hold XMR in a Tax-advantaged IRA

Monero

Monero Expressed:  US Monero investors can now hold XMR in a tax-advantaged IRA using Choice by Kingdom Trust.

Choice is a retirement account that holds stocks, gold, ETFs and crucially digital assets. Investors of all types are waking up to it.  It is about same Bitcoin less taxes.  Stop paying up to 37% in capital gains taxes on your bitcoin, crypto and stock trades.

Choice were born out of Kingdom Trust, which means every day, for more than a decade, they’ve been working with individual and professional clients to provide custody for a myriad of alternatives. In 2017, they became the first custodian to provide qualified custody for bitcoin and since then, they’ve been focused on building the future of finance.

Kingdom Trust was founded in 2009 in Murray, KY by a group of people who believed that planning for your future could include more than cookie cutter funds.  Kingdom Trust is an independent qualified custodian, regulated by the South Dakota Division of Banking. They are a Kentucky Limited Liability Company located in beautiful Murray, Kentucky.

The term “qualified custodians” is a legal one, defined by the SEC as a bank, broker-dealer, futures commission merchant or other entity that maintains client funds and securities in specific ways. The federal regulator can designate an entity as a qualified custodian, while state-level regulators typically cannot.

Choice expressed:  You asked, we answered. Solana ($SOL), Neo ($NEO), and Monero ($XMR) are now available on Choice App.

Solana ($SOL) – Solana SOL is the native token of the Solana network, a layer 1 blockchain that lists scalability as its driving feature. It aims to solve scaling and throughout issues faced by other Layer-1 networks.

Neo Smart Economy ($NEO) – Neo Blockchain has two currencies Neo and Gas. Neo touts a fixed issued supply and Gas is printed every block. Neo is used for transactions and voting on network proposals. Gas is used for transactions, storage, and smart contract fees.

Monero ($XMR) – Monero was created in 2014 and has stealth addresses, ring signatures, and RingCT as its leading features. The proof of work chain often changes its mining algorithm to stay ASIC-resistant and is the leading crypto for privacy by default.

We’re on a mission to continue to bring more choice to your retirement accounts. Let us know in replies what you want us to add next. And, if you haven’t already, open your Choice Account today.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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