Why do I need to provide a TIN to be able to trade stocks?

Why do I need to provide a TIN to be able to trade stocks?

To trade stocks, you need to have a Tax Identification Number associated with your Xapo Bank account, in order to meet the global tax requirements.

The TIN identifies individuals or entities for tax purposes, making it possible to take their stock trading activities into account for tax reporting, calculation and administration.

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