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@jakeclaverqfop: Most wrapped assets are taxable. WBTC is not Bitcoin, it is ETH denominated against Bitcoin's price. Moving BTC to get WBTC means leaving one mainnet for another. That is a sell. FXRP is different because the XRP never leaves the XRPL. It stays locked on mainnet while Flare mirrors the value. No transfer, no taxable event. The asset stays in the same wallet the entire time.

Jake Claver
Jake Claver
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Wednesday 22 April 2026 04:03:15 GMT
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