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Are there any tax implications?

BlockFi cannot provide any tax, legal, or accounting advice. You should always consult your own tax, legal and accounting advisors before engaging in any transaction.

US clients will receive a 1099 shortly after the end of the year which details the total dollar value of interest paid over the year. Clients can provide this information to their tax preparers who can advise based on individual facts and circumstances. International clients are responsible for determining their own tax obligations. BlockFi will provide international clients with a summary of their account activity upon request.