What are the tax implications of the BlockFi Interest Account?

Is it the same as paying tax on the interest I earn with fiat currencies with BlockFi?

In the US, Australia and many other countries, Crypto is taxed as property and not money.
So your BlockFi investment could be liable for capital gains tax.
US clients will receive a “1099” form to report income from self employment earnings, interest and dividends, government payments, and more.

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