Are there any tax reporting implications for using a Virtual Account?

The account provided through Bridge does not function like a traditional financial account. When you deposit funds, they are immediately converted into virtual currency — specifically stablecoins such as USDP or EURC.

In some countries, converting to or from virtual currency may be considered a taxable event and may need to be reported to your local tax authority.

We strongly recommend consulting a qualified tax advisor to understand whether your activity on Sling Money needs to be reported, and whether any gains or losses are relevant for your tax filings.