AnchorZero’s Roth IRA Shields Pre-Listing Tokens from Capital Gains Taxes

A crypto-focused Roth IRA provider is targeting crypto project founders, employees, and early investors with a strategy to make the most of their pre-launch and pre-listing tokens. On Jan. 14, AnchorZero launched a crypto Roth IRA that can accept token warrants and token generation event (TGE) tokens in order to protect against capital gains taxes. It also handles on-chain operations like staking and governance. A Roth IRA is a special type of individual retirement account that offers tax-free growth and tax-free withdrawals in retirement, provided certain conditions are met. Unlike traditional IRAs, Roth IRAs are funded with after-tax dollars, meaning taxes are paid on the money before it’s contributed to the account. Standard Roth IRAs don’t accept cryptocurrency, but some specialized ones do. However, they all require exchange-listed tokens, AnchorZero said. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io