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Capital Gains tax on DAI generated in a Maker Vault?

  • 25-03-2021 12:31pm
    Registered Users Posts: 1,443 ✭✭✭ actuallylike
    Registered User

    Hello all,

    I can use my assets (BTC, ETH) in a Maker Vault to generate DAI to use elsewhere in the DeFi space. Its on me then to keep that vault in balance. Does the DAI generated from this fall under capital gains? I've read that it doesn't apply in the US but not sure what the situation is in Ireland.